Maybe the recession isnt that bad for you but it is for many others. My credit cards are almost maxes to the point where we are going to have to start cutting back on certain things to maintain paying the minimal balance.
So yes it is that bad. At least for some of us. My sister and her husband are doing just fine and are actually having more money cause of certain factors. But i know of at least 5 others that are in the situation that Trotter and myself are in. So that makes amost a 5 to 1 ratio that i can figure out for those that are in trouble to those that are doing as good if not better than they were before. That is just of people i know and can think of right off the top of my head.
So yeah i would have to say it is bad.