Everywhere you turn the words ‘credit crunch’ and ‘recession’ are being used.
I was speaking with a colleague recently who was looking and sounding quite stressed. It turned out that his business was tied in to XL, the big tour operator that had just gone bust. And just a few days ago a friend of mine, was commenting on how he was noticing, in the credit crunch climate that his client numbers were steadily dropping and he was wondering what he could do.
The message in the newspapers and on the television is clear – we are entering some very difficult times and it is predicted by some, that these hard times could possibly last for the next couple of years.
We are hearing, almost on a daily basis of people having to sell their homes at a loss and the statistics on the numbers of homes that are being repossessed is at an all time high.
And it’s not just businesses that are affected by difficult economic climate. Romance too can suffer when the finances aren’t in a favorable place. I discovered this recently when I met a nice guy who told me, that he would love to take me out but that due to tough financial times, he wasn’t in a place to date right now.
Relationship counsellors tell us that financial difficulties contribute to huge tensions and arguments in relationships. In one survey, two out of five couples whose relationships broke down cited debt as a contributing factor.
Friendships can suffer too when times get tough.
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