Penny For My Thoughts

A Personal Finance log

Penny For My Thoughts header image 2

Trickle-down recession

September 24th, 2008 · 2 Comments

On Saturday we visited with a family friend.  We were with her grandchild and their nanny.  the nanny was commenting that she had had a family lined up for child care with a newborn, but the father lost his job so he could no longer afford the nanny.  As a result the nanny is worrying about if she can line up another family, and debating what to do if she can’t find one.  I thought it was interesting how an event which appear to just affect one class of people, effects many.  I think this will be a larger issue as tome goes on.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Netvouz
  • DZone
  • ThisNext
  • MisterWong
  • Wists

Tags: current events

2 responses so far ↓

  • 1 Missy // Sep 24, 2008 at 10:10 pm

    Yeah it’s a domino effect /////_

  • 2 Aleksie // Sep 25, 2008 at 4:35 pm

    It is indeed going to be a larger issue. I think the only people who won’t be affected by it are the richest people, and who knows? Maybe even they’ll be affected

Leave a Comment