This morning I had run a couple of errands, the grocery store and pharmacy. Ok not a big deal, but what was kind of eerie was the fact that traffic was next to nothing, even considering the time of day and day of the week. The supermarket had some people, but again considering the time of day, is usually busier. My first thought is maybe that the economic crisis is starting to hit home a bit here in Italy. Busto Arsizio Italy seems almost like a ghost town at the moment.
Last week was the same situation at the supermarket and also with the traffic, so today is not a one-time occurrence. Personally speaking as of today we’re doing not so bad. The computer technician’s business has slowed a bit, but nothing to worried about, yet. I’ve actually picked up 3 new students in the last couple of weeks and have been averaging 20 hours a week. People in general here, at least what I’ve heard from my students, are a bit nervous about keeping their jobs. So many of them are making sure to continue their English lessons in hopes that “keeping up” their language skills will be a plus for them in regards to keeping their jobs.
The world wide economic crisis is only bound to get worse before it gets any better. In two months, January & February 2009, 370,561 Italian workers have lost their jobs according to a headline on Italy’s newspaper Corriere della Sera.
Realistically speaking, tough times are ahead for Italy, for everyone worldwide for that matter, financially speaking. Over the last years credit has become easier to come by in Italy, taking after the United States. People in Italy aren’t as maxed out so to speak (no pun intended) on credit card debt compared to the United States, but many people do have mortgages, car payments, payments on furniture (it is expensive in Italy to furnish an apartment) and find it difficult to make it to the end of the month. This is before the global economic crisis hit.