Tougher Times but Life Roles On

According to the RTE news yesterday the government downgraded its outlook for its economic recovery with GDP now forecast to decrease by less than 1%. They have now projected growth 0.8% which is down from 1.8% last November. This gives a pessimistic economic forecast for the rest of the year. They also told of how the domestic economy is expected to remain in recession for this year and next, with only the export sector providing growth according to the revised figures. Employment will fall by 30,000 jobs this year and over four years the number at work will increase by 100,000. But with more than 300,000 jobs going since the recession, high unemployment figures currently at around 14%. We also have to pay back our bailout which is based on our economic growth. Can life get any tougher for families trying to pay mortgages?

They talk about the dull times in the 1980’s how people earned to put food on the table. I know this is a terrible time for some people in Ireland however I personally haven’t heard of any one dying from starvation I think we are not that badly off, were are just worse off than we were 5 years ago and signs on it was the bank paying for our good times. I think we should stop worrying about our finances to an extent. I think that we need to revert back to Abraham Maslows 1943 paper on Theory of human Motivation he found that self-actualization was the most motivating factor. If we provide for one self and important others do we really need a fancy life with 4000 square feet houses for families of four or 2 new cars for driving. Most of the generation before us didn’t have them and it didn’t do them any harm. There is life after high wages and I’m afraid it continues whether we like it or not.