Hard Times
September 19, 2008
Times are hard and everybody is feeling the pinch. It seems that we cannot turn on the television or radio without hearing about companies in decline, jobs being cut and people having to curb their spending. 
I think by reflecting on my social circle I can see the affect that the credit crunch has had. This time last year my friends and I would go out every weekend; shopping and partying. Now, nobody is going out to bars and restaurants, even on payday the bars are not full. It was not long ago that there were queues to get into many bars.
It seems that our habits are changing and spending behaviour in general has taken a ‘u’ turn. A recent social with my friends included a night at Mecca Bingo. It was cheap and cheery, and frankly a good night out. This really is not something that I would have thought I would have found myself doing. In all fairness, it wasn’t too minging either. Since the smoking ban, the air in the hall was bearable. Granted, everything was a little bit brown from smoking years past. But I got involved and overall it was fun.
When the smoking ban came in Bingo halls lost 50% of their custom. This is now beginning to turn around, with people tightening their purse strings, many low cost businesses are flourishing amongst the economic turmoil. The likes of Aldi are seeing their profits soar, while Marks and Spenser continue to plummet.
I think we will see far more of this behaviour over the next year or two. However, it leaves me and many others wondering; how long the recession will last and how hard things will get until we finally get through the other side?!
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