Homes, cars, jobs: Americans already making big decisions over fiscal cliff
"The fiscal cliff is just one more thing that makes us wait, feel unsure," says iReporter Bobbie Cleave (right).
December 5th, 2012
10:31 AM ET

Homes, cars, jobs: Americans already making big decisions over fiscal cliff

Across the country, a sudden shift is taking place.

Bobbie Cleave, a retired teacher in Utah, has put off plans to get a badly needed car. Brian Chandler, a data manager in metro Atlanta, is delaying buying a house, despite needing space for his second child due any day now. Retired police officer Richard Huffman of Michigan may ditch plans to re-enter the work force.

And several families CNN spoke with said they're shrinking the gift pile beneath the Christmas tree.

As the nation approaches the so-called "fiscal cliff," people are taking steps to cushion their families from the plunge.

To them, the threat to the nation's economy requires preparation - particularly with President Barack Obama warning that going off the cliff could cost the average family of four more than $2,000.

But some say the fears are just hype.

http://www.cnn.com/2012/12/05/us/fiscal-cliff-americans/index.html
Post by:
Filed under: Economy • Politics
soundoff (12 Responses)
  1. banasy©

    And why would that matter?

    December 5, 2012 at 11:31 am | Report abuse |
  2. Canadian Observer

    It doesn't. I'm just observant.

    December 5, 2012 at 11:40 am | Report abuse |
  3. Hide Behind

    This too is no different a reaction than by people world wide who live in nations that are undergoing fiscal belt tightening in order to keep sovereign power bases solvent.
    In every case the rate of savings goes up and domestic spending goes down but that is by those who, as every case cnn mentions already havemore than ample expendable incomes and some common sense..

    December 5, 2012 at 11:46 am | Report abuse |
    • Someone

      Those nations you are referring to are broke because of all the entitlement spending. Now they got riots and demonstration against the govt because they took their free stuff away. All this taxing the rich more is a bunch of bologna. The problem in this country is cradle to grave entitlement spending which creates dependence,complacency and laziness. But the president doesn't want to address this massive problem because they are his core constituents.

      December 5, 2012 at 2:50 pm | Report abuse |
    • Someone

      CNN you really do suck! Done with this deliberate censorship that is running amuck here. CNN go pizz up a rope!!!

      December 5, 2012 at 2:55 pm | Report abuse |
  4. banasy©

    Fair enough, although I don't see how one can jump to a conclusion like that based on a picture.

    December 5, 2012 at 11:59 am | Report abuse |
  5. banasy©

    Do you mean you made an observation?

    December 5, 2012 at 12:01 pm | Report abuse |
  6. Ann

    My yearly food budget is atound $2,400 or $200 each month. Guess I can go on a diet.

    December 5, 2012 at 12:07 pm | Report abuse |
  7. Hide Behind

    Lets get out real figures and stop the lies of "average" as used by politics to hide behind.
    Dual income home 4000 loss of actual income but with less deductable for tax purposes throw in a few more like 500 to 1000 and add in increase in healtcare insurance and actual. Raise in utility rates mostly frozen or stagnent wages colas of all types being cut in 1/2 actual in pension and goverent pay scales.
    Lots of hidden cost mainly all upon the low middle and those of poor working class.

    December 5, 2012 at 12:36 pm | Report abuse |
  8. saywhat

    Good morning all.
    Unnoticed by an uncaring public this nation has gradually been driven to the brink by policies that relied on this very factor- uncaring public.
    Be it economy, civil liberties, militarism, foreign policy those playing gods up on the Hill took our complacence and subjugation for granted. Scare tactics, hate & fear mongering especially from the far right and neo-cons kept our averted from what was really happening.
    This goes on.

    December 5, 2012 at 12:48 pm | Report abuse |
  9. saywhat

    Good morning all.
    My posts are no more being allowed on any thread.

    December 5, 2012 at 12:49 pm | Report abuse |
  10. Portland tony

    The $2000 tax penalty will certainly hurt a lot of folks, but it has little to do with the so-called "fiscal cliff". This economic crisis has been with us for sometime and yet the President (yes the President), his staff and advisors have done nothing to work with the recalcitrant idiots in Congress to achieve some sort of compromise solution to the budgetary problems facing our very wealthy nation. Someone is going to have to
    give up their piece of pie. After all, it's a ten year cycle of spending cuts and revenue increases we're talking about. So nobody who's doing the negotiating now will be around to see the outcome anyway. It's time to put the Norquist and Pelosi philosophies in the trash bin and do something right for America!

    December 5, 2012 at 1:46 pm | Report abuse |