Another one of those surveys in the Bulletin that I don't believe have much real validity, except as rough estimates of people's attitudes.
Probably a self-selecting group of responders, who I suspect represent the two extremes of the Bell Curve -- those who are doing well, and those who are doing poorly.
Interesting that 24% of the responders thought their house was worth the same or more.
As far as what people are cutting back? I don't believe what people say, I believe what they do.
Still, can't bode well for public transportation that only 1.7% are taking the bus more.
What this survey mostly shows is that the real damage hasn't hit, yet. Only 5.2 have moved to cheaper housing, for instance. It looks mostly like lip-service to me, like the guy who is quoted as saying he spends only 30.00 on going out meals, instead of 60.00.
People are just cutting around the edges, they haven't really bitten the bullet.
3 days ago