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Older Adults Are Sharing The Grueling Ways They Saved Money During The 2008 Recession, And It's Sobering
Older Adults Are Sharing The Grueling Ways They Saved Money During The 2008 Recession, And It's Sobering

Yahoo

time09-04-2025

  • Business
  • Yahoo

Older Adults Are Sharing The Grueling Ways They Saved Money During The 2008 Recession, And It's Sobering

Donald Trump's tariff plan has recently gone into effect, imposing a baseline of 10% tax on imported goods from dozens of nations and US trading partners. Though there is now a 90-day pause on Trump's reciprocal tariffs, the downward trend of the stock markets since the plan's announcement has people bracing themselves for an upcoming recession, comparing it to the likes of the 2008 Great Recession. So as someone who was barely conscious during 2008, how do I survive a recession? — Professional Zoomer 🌹 (@Zoomer_Doomer_) April 7, 2025 X: @Zoomer_Doomer_ / Via Twitter: @Zoomer_Doomer_ As economic uncertainty continues to rise, Redditor u/itsmejuji asked the older adults of the Reddit community to share how they saved money during the 2008 recession, and it's sobering. Here's how people got by during the Great Recession: 1."When gas hit $5/gallon, I outfitted my early '90s Schwinn mountain bike with slicks and fenders, built a cargo trailer, and started doing most of my errands with it." —bentnotbroken96 2."I had seniority at a good union job. I was truly lucky and survived. We took a 10% pay cut to save other peoples' jobs, so we tightened our belts, but at least we knew we had a check coming every two weeks." —mikeyfireman 3."Manage your expectations. I got laid off about a week after buying a house during that period and didn't recover job-wise for about a decade. Learn to enjoy cheap pleasures like library books, city parks, and Little Caesar's. Treat living frugally like a game, and be open to switching careers. If there's anything I wish I would've done differently, it'd be not getting caught in the rage and leaving myself vulnerable to the people who'd exploit it. Good luck." —OldLadyMorgendorffer 4."I combined five loans into one. It reduced my payments and made life easier." —cynic_boy 5."Buy in bulk and eat the basics: big bags of rice, dried beans, and potatoes. Buy cheese and hearty vegetables on sale. Never eat out, and make your own coffee. Audit your spending every month with your partner if you have one. Money is the only thing that will get you through, so you cannot mess it up. If you have a long commute, find a rideshare. If you can take public transportation, take it, as it'll make a ton of difference in monthly savings." —thetaleofzeph 6."I lived very carefully paycheck to paycheck. My son never knew we didn't have much. As an adult, he told me he never realized money was so tight. He had a great childhood and thanks me often for it." —Responsible-Top-1183 7."Extreme frugality. I was lucky that my fixed expenses weren't out of line since I resisted using my home as an ATM, so I had a relatively low mortgage payment. I owned my car, too. I didn't eat out, though, not even for a coffee. I had this mindset of saving money to some extent, anyway, since I worked in the entertainment field. So, even when I was making money, I tried saving up as much as possible and limiting discretionary spending since I never knew when I would be living on my savings." —laurazhobson 8."I worked for rich people. I did great during the Great Recession, so you should find some rich people and work for them. I hate that this ISN'T sarcasm. Where I work now is going to do great with this upcoming recession, so yay for me, I guess." —WhatTheHellPod "While I don't work directly for rich people, I'm adjacent to it. Our client's clients are super wealthy, so they are immune to any economic upheaval. It's funny when people say the richest .001% 'lost' billions with the market. They don't care, and they also didn't lose shit. Either way, being in an industry that the wealthy use makes it recession-resistant." —CatStretchPics 9."When our 'assets' dropped by half, we cashed out into CDs. We reinvested, and they did recover. Thank you, Obama." —xeroxchick 10."Get a recession-proof job (pharmaceuticals, utility work, and other essential services). The economy is going to be manipulated by the rich, and once prices go down, they'll buy at a discount. It's a strategy to transfer most of the wealth to corporations. Take advantage of homes or other investment opportunities." —InternationalArea77 11."I filed for bankruptcy, lost a farm, and moved closer to work to cut down on gas." —SnooHobbies7109 12."I eliminated any unnecessary purchases, grew a garden, shopped at discount stores, and planned meals around what we had. The three kids had movie nights at home: we checked out movies from the library, made popcorn, and ate in the living room. We kept the kids entertained by going to free events, and when we did go out, we packed our own snacks and drinks." —Decemberchild76 13."We cut everything down to the bone. We let the house go and moved into a cheap rental before our credit was impacted. That probably won't work now since rent prices are way higher, but we rented a whole house for $650 in 2010, which helped as our business went from generating a $100K income to $25K. It was brutal, but I still pinched a bit from every paycheck, no matter how little. I saved every tax refund, rebate, tip, etc. I let my car go and bought an old one for $3K. Again, I understand it might not be possible today, but there was lots of Hamburger Helper, turkey meat, and spaghetti. The sooner you can be debt-free and stack a bit of cash, the better." —LeighofMar 14."We ran up debt and stopped contributing to our 401K for a bit. I didn't lose my job, but I definitely didn't get the raises I would have had there been no crash." —Coffey2828 15."I had just had a baby when the housing crash happened. I was married to a man who was allergic to work, so I had to cash out my 401K and get government help. I did work, but it wasn't enough. I was making around $45K in Los Angeles. I didn't eat much and made all my meals at home. I didn't do anything fun or buy anything new, and I spent a lot of time walking around and selling off what little I had to get through. My credit cards went to collections. I didn't have parents I could live with, so I just stayed hungry and survived." —Junior-Difficulty-42 16."At that time, I was fired from a job. I was in my mid-40s and had been working in corporate America for about 20 years, so I had investment savings to draw from. Unemployment payments also helped. I was single with no kids, so I did not have to worry about providing for others. I rented an apartment and just cut back on spending. I was out of work a little over a year and survived it." —nontrackable "To 'save money' in 2008, I literally had to walk away from my home, which had dropped in value by half. I suddenly owed the mortgage company twice what it was worth the day before. Then, I moved in with relatives, paid rent, and said goodbye to my retirement savings. I'll never look at a conservative or Republican with any form of respect again (not that I really ever did). And now it looks like it's happening again, but this time, trying to cut social security, health insurance, veteran benefits, and more. Here are bits of advice: pull in your belt, stop buying stuff, and learn how to cook, consolidate, drive used cars, and walk when possible." —womanitou *Sigh.* If you remember the 2008 recession, how did you save money? Let us know in the comments, or you can anonymously submit your story below! Note: Some submissions have been edited for length and/or clarity.

Older Adults Are Sharing The Grueling Ways They Saved Money During The 2008 Recession, And It's Sobering
Older Adults Are Sharing The Grueling Ways They Saved Money During The 2008 Recession, And It's Sobering

Buzz Feed

time09-04-2025

  • Business
  • Buzz Feed

Older Adults Are Sharing The Grueling Ways They Saved Money During The 2008 Recession, And It's Sobering

Hot Topic 🔥 Full coverage and conversation on Politics Donald Trump's tariff plan has recently gone into effect, imposing a baseline of 10% tax on imported goods from dozens of nations and US trading partners. Though there is now a 90-day pause on Trump's reciprocal tariffs, the downward trend of the stock markets since the plan's announcement has people bracing themselves for an upcoming recession, comparing it to the likes of the 2008 Great Recession. So as someone who was barely conscious during 2008, how do I survive a recession? — Professional Zoomer 🌹 (@Zoomer_Doomer_) April 7, 2025 X: @Zoomer_Doomer_ / Via Twitter: @Zoomer_Doomer_ As economic uncertainty continues to rise, Redditor u/itsmejuji asked the older adults of the Reddit community to share how they saved money during the 2008 recession, and it's sobering. Here's how people got by during the Great Recession: 1. "When gas hit $5/gallon, I outfitted my early '90s Schwinn mountain bike with slicks and fenders, built a cargo trailer, and started doing most of my errands with it." 2. "I had seniority at a good union job. I was truly lucky and survived. We took a 10% pay cut to save other peoples' jobs, so we tightened our belts, but at least we knew we had a check coming every two weeks." — mikeyfireman 3. "Manage your expectations. I got laid off about a week after buying a house during that period and didn't recover job-wise for about a decade. Learn to enjoy cheap pleasures like library books, city parks, and Little Caesar's. Treat living frugally like a game, and be open to switching careers. If there's anything I wish I would've done differently, it'd be not getting caught in the rage and leaving myself vulnerable to the people who'd exploit it. Good luck." 4. "I combined five loans into one. It reduced my payments and made life easier." — cynic_boy 5. "Buy in bulk and eat the basics: big bags of rice, dried beans, and potatoes. Buy cheese and hearty vegetables on sale. Never eat out, and make your own coffee. Audit your spending every month with your partner if you have one. Money is the only thing that will get you through, so you cannot mess it up. If you have a long commute, find a rideshare. If you can take public transportation, take it, as it'll make a ton of difference in monthly savings." 6. "I lived very carefully paycheck to paycheck. My son never knew we didn't have much. As an adult, he told me he never realized money was so tight. He had a great childhood and thanks me often for it." 7. "Extreme frugality. I was lucky that my fixed expenses weren't out of line since I resisted using my home as an ATM, so I had a relatively low mortgage payment. I owned my car, too. I didn't eat out, though, not even for a coffee. I had this mindset of saving money to some extent, anyway, since I worked in the entertainment field. So, even when I was making money, I tried saving up as much as possible and limiting discretionary spending since I never knew when I would be living on my savings." — laurazhobson 8. "I worked for rich people. I did great during the Great Recession, so you should find some rich people and work for them. I hate that this ISN'T sarcasm. Where I work now is going to do great with this upcoming recession, so yay for me, I guess." Mrs / Getty Images — WhatTheHellPod "While I don't work directly for rich people, I'm adjacent to it. Our client's clients are super wealthy, so they are immune to any economic upheaval. It's funny when people say the richest .001% 'lost' billions with the market. They don't care, and they also didn't lose shit. Either way, being in an industry that the wealthy use makes it recession-resistant." — CatStretchPics 9. "When our 'assets' dropped by half, we cashed out into CDs. We reinvested, and they did recover. Thank you, Obama." — xeroxchick 10. "Get a recession-proof job (pharmaceuticals, utility work, and other essential services). The economy is going to be manipulated by the rich, and once prices go down, they'll buy at a discount. It's a strategy to transfer most of the wealth to corporations. Take advantage of homes or other investment opportunities." — InternationalArea77 11. "I filed for bankruptcy, lost a farm, and moved closer to work to cut down on gas." — SnooHobbies7109 12. "I eliminated any unnecessary purchases, grew a garden, shopped at discount stores, and planned meals around what we had. The three kids had movie nights at home: we checked out movies from the library, made popcorn, and ate in the living room. We kept the kids entertained by going to free events, and when we did go out, we packed our own snacks and drinks." — Decemberchild76 13. "We cut everything down to the bone. We let the house go and moved into a cheap rental before our credit was impacted. That probably won't work now since rent prices are way higher, but we rented a whole house for $650 in 2010, which helped as our business went from generating a $100K income to $25K. It was brutal, but I still pinched a bit from every paycheck, no matter how little. I saved every tax refund, rebate, tip, etc. I let my car go and bought an old one for $3K. Again, I understand it might not be possible today, but there was lots of Hamburger Helper, turkey meat, and spaghetti. The sooner you can be debt-free and stack a bit of cash, the better." — LeighofMar 14. "We ran up debt and stopped contributing to our 401K for a bit. I didn't lose my job, but I definitely didn't get the raises I would have had there been no crash." — Coffey2828 15. "I had just had a baby when the housing crash happened. I was married to a man who was allergic to work, so I had to cash out my 401K and get government help. I did work, but it wasn't enough. I was making around $45K in Los Angeles. I didn't eat much and made all my meals at home. I didn't do anything fun or buy anything new, and I spent a lot of time walking around and selling off what little I had to get through. My credit cards went to collections. I didn't have parents I could live with, so I just stayed hungry and survived." 16. "At that time, I was fired from a job. I was in my mid-40s and had been working in corporate America for about 20 years, so I had investment savings to draw from. Unemployment payments also helped. I was single with no kids, so I did not have to worry about providing for others. I rented an apartment and just cut back on spending. I was out of work a little over a year and survived it." — nontrackable 17. Lastly: "To 'save money' in 2008, I literally had to walk away from my home, which had dropped in value by half. I suddenly owed the mortgage company twice what it was worth the day before. Then, I moved in with relatives, paid rent, and said goodbye to my retirement savings. I'll never look at a conservative or Republican with any form of respect again (not that I really ever did). And now it looks like it's happening again, but this time, trying to cut social security, health insurance, veteran benefits, and more. Here are bits of advice: pull in your belt, stop buying stuff, and learn how to cook, consolidate, drive used cars, and walk when possible."

The 6 weirdest, wackiest Super Bowl commercials
The 6 weirdest, wackiest Super Bowl commercials

Yahoo

time10-02-2025

  • Entertainment
  • Yahoo

The 6 weirdest, wackiest Super Bowl commercials

Of the more than 60 commercials that aired during the 2025 Super Bowl, two featured flying facial hair and junk food — because what works up an appetite like a mustache taking flight? Those two mustache-forward ads were among the more memorable of the night's commercials, which cost around $8 million per 30 seconds, according to The Associated Press. For the most part, the Super Bowl ads fit an established pattern. Matthew McConaughey made several cameos. Post Malone was featured. There was a body-positive ad from Dove, and a Dunkin' Donuts ad starring Ben Affleck. But the most offbeat, unsettling ads — including the two with flying facial hair — are among those generating the most buzz. Here are the five weirdest, wackiest 2025 Super Bowl commercials. A man born with a 'fleshy cowboy hat' is destined to enjoy watching Westerns. Tubi's unsettling Super Bowl ad chronicles the life of a man born with a head in the shape of a cowboy hat. Understandably, he doesn't fit into a world lacking in 'fleshy cowboy hats.' He eventually finds the place where he belongs — a world in which Westerns are the films of choice. Tubi, a streaming platform, used the visually alarming metaphor to remind audiences that it offers whatever movie genre you were born to watch, whether it be Westerns or fantasy. Nicole Parlapiano, Tubi's chief marketing officer, says they chose the ad because it got the 'most reaction,' according to Adweek. 'As we were trying to figure out what's the best one to really stand on that, 'If It's In You, It's In Here?' That was it. Of course, you go back and forth if this is the right genre, but it's metaphoric. Obviously the cowboy hat is the most visual genre to have in a womb, and all those places that were really important to get that attention.' Familiar mustaches took to the skies when actor Adam Brody reached into an empty Pringles can. The mustached Pringles mascot advises Brody to 'blow in the can.' He does, and it acts as a blow horn, calling on mustaches across the country to bring Pringles to Brody. Andy Reid, James Harden, Nick Offerman and others lose their staches in this ad spot. The wackiness, paired with A-list cameos, made for an effective, memorable ad. If one Super Bowl commercial featuring flying facial hair wasn't enough for you, you can thank Little Caesar's for a second ad spot with mischievous hairs. When biting into a Little Caesar's Crazy Puff, 'Schitt's Creek' star Eugene Levy's bushy brows take off on a journey across town, eventually finding refuge on the actor's daughter, Sarah Levy, who nonchalantly brushes them off. Levy said filming the wacky Super Bowl ad was 'fun.' 'It's always fun to be doing a Super Bowl commercial and Little Caesars has a great penchant for producing funny spots,' he told People. 'It's an incredibly competitive field and you know you need an eye-raising premise to begin with.' He added, 'It was lovely working with my daughter Sarah.' Coffee Mate's tongue-heavy commercial for canned cold foam was a little ... gross. The foam's flavors send a man's tongue whirling. It plays a cymbal and eventually tears lose for a backflip. 'Am I entitled to compensation after seeing that Coffee Mate tongue ad?' one viewer asked on X. Another said, 'Okay, who told Coffee mate it was a good idea to make a commercial featuring a tongue?' per X. Seal transforms into a literal seal in the Taika Waititi-directed Mountain Dew ad. His little flippers and whiskers were just unsettling enough to burn thoughts of Mountain Dew in my brain for a week. The U.K. soul singer's Grammy-winning ballad 'Kiss From a Rose' was reimagined as 'Kiss From a Lime' in the Super Bowl spot. 'I had a blast coming up with new lyrics and loved collaborating with their team to bring this campaign to life in such a fun and unexpected way,' Seal said in a statement to Adweek. Spoiler alert: Chazmo gets squashed. On his way back to outer space — with a sack of Totino's pizza rolls in his claw — Chazmo the alien is squeezed between the heavy sliding doors to his spaceship in this ad for Totino's. Comedians Tim Robinson and Sam Richardson aren't broken up about the alien's untimely death because he 'didn't open up' around them. 'I never got to really know Chazmo, but at least I got to spend the time enjoying Totino's Pizza Rolls,' Richardson said about making the zany ad, per General Mills.

Georgia lawmakers work to reform state brewery regulations
Georgia lawmakers work to reform state brewery regulations

Yahoo

time07-02-2025

  • Business
  • Yahoo

Georgia lawmakers work to reform state brewery regulations

Current Georgia law does not allow small brewers, such as brewpubs, to sell their own products on the market. Senate Bill 122, the Craft Beer and Local Economy Revitalization Act, proposed in the 2025 legislative session would change that. The bill would allow brewers and brew pubs to have a limited wholesale license to sell their own products, though it comes with conditions. To have a wholesale license as a small brewer, sales of the products must not be higher than 15% of their overall sales in the previous calendar year. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] Additionally, the bill creates a provision to allow event holders selling drinks for charitable events to sell alcoholic drinks on site, so long as they are properly permitted for a 'bona fide nonprofit civic organization.' Brewers and brewpubs will also be able to donate malt beverages to charitable events, though the legislation stipulates that how much is donated 'shall not exceed the amount necessary' for the event itself. Any beverages not consumed during the event must be returned within 24 hours of the event's closure or when the event permit expires, whichever comes later. Sales of malt beverages by brewers will also no longer be subject to a daily maximum if the bill passes. Current law sets a maximum of 288 ounces sold per day. TRENDING STORIES: Cobb County to hold special election for empty commission seat after judge's order Little Caesar's manager defends sign saying suspicious people will be reported to ICE GA lawmakers move to make threats against schools by teens transfer from juvenile court to adult However, they would still be limited to a 6,000 barrels per year cap 'among all brewer's licensed premises making such sales.' In any given calendar year, if SB 122 passes, brewers would be able to sell up to 3,000 barrels of malt beverages produced at their licensed premises to wholesale retailers in Georgia, so long as they are located within 100 miles of the brewery. The businesses will also be able to sell, deliver and ship to other licensed brewers, as well as receive and acquire shipments from others. The Georgia Craft Brewers Guild has come out in support of the legislation, citing both its strong bipartisan support and how they say it would modernize the current craft beer laws in the state. The guild said breweries 'serve as economic drivers, providing jobs, fostering tourism, and creating vibrant community spaces,' but that current law limits their ability to succeed, causing small breweries to 'close at an alarming rate.' RECENT BREWERY CLOSURES: 2 more local breweries to close to end 2024 as craft beer sales struggle Beloved brewery on Atlanta's westside shutting its doors Torched Hop Brewing Company to shut its doors this month Georgia brewery plans to close, says 'prohibition-era' law is holding them back Beloved north Georgia brewery fighting to stay open despite being $1.1M in debt 'Georgia's craft breweries are more than just places to grab a pint—they are vital to our communities. When a brewery closes, it creates a ripple effect that harms local economies and limits consumer choice. Nearly every other state gives breweries more flexibility to grow, and it's time for Georgia to catch up,' Joseph Cortes, Executive Director of the Georgia Craft Brewers Guild, said in a statement supporting the bill. Roswell State Sen. John Albers said he introduced the bill as a way to support Georgia small businesses, saying that 'our breweries deserve an equal chance to compete and deserve our support by reducing burdensome and inconsistent regulations.' [SIGN UP: WSB-TV Daily Headlines Newsletter]

Student arrested, charged after bringing gun to Gwinnett County high school
Student arrested, charged after bringing gun to Gwinnett County high school

Yahoo

time07-02-2025

  • Yahoo

Student arrested, charged after bringing gun to Gwinnett County high school

Yet another instance of a gun being brought to school continues after a student was found an unloaded firearm at a Gwinnett County high school on Thursday. In a letter to parents, Principal David T. Smith of Parkview High School informed them a student had a gun at school. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] 'At Parkview High, we are committed to maintaining a safe and secure learning environment for students and staff, and today, we saw firsthand how our culture of 'See Something, Say Something' is working. We are incredibly proud of our students and school community for embracing this mindset and looking out for one another. 'Earlier today, a student told school administrators that a classmate had a firearm at school. Thanks to this responsible action, administrators were able to immediately address the situation, identifying the student, searching the student's bookbag, and recovering an unloaded gun.' The letter continues as he reassures parents the gun was not pointed at anyone or used in a threatening manner, however, the school said it is taking the situation seriously. TRENDING STORIES: Little Caesar's manager defends sign saying suspicious people will be reported to ICE 'It's really chaotic:' Federal employees in Georgia weigh whether to resign Woman says Cobb auto repair shop refused to hand over car until she paid for work that wasn't done 'Guns and weapons will not be tolerated at Parkview High,' the letter read. 'It is a serious violation of our student discipline policy and is against the law. The student in question has been arrested and is facing criminal charges.' The school is asking that parents are diligent in knowing and explaining the consequences that will follow if their student is found with a gun on campus. [SIGN UP: WSB-TV Daily Headlines Newsletter]

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