A reader writes:
For me, the recession is going pretty well so far. I am 24, college-educated and have a full-time job working for a car sharing organisationa new, green job in an industry that is mostly recession-proof and growing. I don't live extravagantly, but I don't want for much, and I work for a non-profit, so I'm not getting rich. The best part, however, is that I have a bit of travel planned this summer, and airfares are dropping like a rockthe planes must be empty.
Last fall, when oil was still high (and I like it that way, it is good for my business) it looked like I might have to pick and choose which trips I could afford. Now, without breaking the bank, I am going to get to my sister's graduation in New York, a wedding and bat mitzvah on separate weekends in San Francisco, a series in Seattle where a buddy from college works for the Mariners, and, oh yeah, a family wedding in Paris. For my folks on the East Coast, airfares cross-country are down near $200one example of fares lower than any time in the last ten years. I might take a weekend jaunt to Boston to visit because, heck, it's a hell of a lot faster and cheaper than driving.
So, for a twenty-something with no major long-term obligations, a steady job, no major debt (I learned well from my parents: pay your credit card in full every month) and some savings, the view from my recession is looking pretty good. If I lose my job, I have savings to get by for about a year, and, frankly, there are a lot of things I'd rather be doing than sitting in a cube 40 hours a week. Heck, next spring the family is planning a trip to visit cousins in Singapore, and I can afford that. Then I might take my savings, quit my job, and hike the Pacific Crest Trail.