[dhs12345]

A recommendation: count and save your pennies now. Once the global economy equalizes, incomes in America will drop considerably.

My plans

1. Become debt free (including my home mortgage). For the time when I may not have a job.

2. Don't trade in the car for a new one. Have it repaired/rebuilt so that it lasts at least 12 years.

3. Cut down on Christmas, holiday, birthday spending.

4. Don't upgrade computers every three years. Make them last at least five years.

Etc.

If we all did this, I bet you these companies that outsource (along with others) will be whining that consumers are not buying their products.

Besides, we Americans are not very good with our finances -- huge debt, living outside our means, etc.

What goes around comes around.

[A. Pole]

Become debt free

Yes, bankruptcy will do it, (unless you were foolish enough to spend money on education/retraining - bankruptcy does not cover it).

[valkyrieanne]

A recommendation: count and save your pennies now. Once the global economy equalizes, incomes in America will drop considerably. My plans...

Good plans. Also you might add, *don't buy big-ticket items* that are made in slave-labor countries like China, Vietnam, etc. Today's Wall Street Journal had an article about how US furniture makers are wiping out jobs in favor of China-made wooden furniture (chairs, tables, etc.)