Are you changing your life's priorities because of the global recession? Here, locally, I believe it is already starting to hit hard. Surely, it affects us all. To stave off the hard times what aspects of your life are you trying or planning to scrimp on? What are your choices? Spend less on the essentials or reduce expense on say, entertainment, travel or clothes? What about medical expense and food? These to me without a doubt are basic necessities or expenditures?
Many economic researchers claim that with respect to household spending on food - it will not change much. However, these same researchers also found that majority of families , low-income as well as middle incomed, astonishingly relied more on low-cost, high-calorie foods during difficult times.
Does this mean that starches and dairy will remain in most household menus? Starches, say like, noodles, rice and pasta? Of these three, noodles appear to be the cheapest. Look, rice does not get advertised much on TV. What does that imply? And pasta, doesn't that sound like eating at the mall.
In contrast, why don't we consume more fruits and vegetables? Answer: We can't. Because they are not cheap. Not at all. When I was young, and that was quite a long time ago, fruits are bought not by the weight but by piece. We used to get loads of star apples from the province during the summer season for free. The neighbors have fruits in their backyards and they are there for the picking. Over the years, consumption of these nutritious food groups appear to have adjusted entirely- expensive.
Clearly, the economic downturn will definitely affect our eating habits. But who has a better chance of survival? Those with low and fixed income or those well-paid but are finding it harder to cope?
Me? I began early. I was already there at least almost two (2) years ago.