Major Chambers survey on the impact of the recession

We have two important goals for this thread.<br><br>The first is to provide a place where you can share your experiences if you wish. We know that many people are struggling financially and the economy is a big part of that.<br><br>That said, this thread is slightly different than most in that we’re not here to provide individual advice. Rather, the second goal of this thread is to get a better understanding of the economy from the perspective of Redditors, and use the results to guide some big changes to the sub.<br><br>To that end, please see the survey below. We greatly appreciate your participation; it should only take a minute or two of your time.<br><br>**Survey:**<br><br>**1. How has your perception of a recession changed in the last three months?**<br><br>\--- It seems more likely (35%)<br><br>\--- I’m not sure (44%)<br><br>\--- It seems less likely (21%)<br><br>**2. How are you preparing for a potential recession? (Select all that apply)**<br><br>\--- I’ve already started cutting back on spending (29%)<br><br>\--- I intend to cut back on spending (25%)<br><br>\--- I’m focusing on debt repayment (20%)<br><br>\--- I’m focusing on saving (26%)<br><br>\--- None (12%)<br><br>\--- I’m not preparing (26%)<br><br>\--- Other (6%)<br><br>**3. What steps are you taking to get your finances in order? (Select all that apply)**<br><br>\--- Reviewing my budget (20%)<br><br>\--- Cutting back on subscription services (e.g. streaming, meal kit delivery) (26%)<br><br>\--- Cutting back on entertainment (e.g. dining out, movies, concerts) (24%)<br><br>\--- Cutting back on big-ticket purchases (e.g. travel) (17%)<br><br>\--- Selling items I no longer need (13%)<br><br>\--- Asking for a raise at work (9%)<br><br>\--- Exploring additional income streams (13%)<br><br>\--- None (23%)<br><br>\--- Other (8%)<br><br>**4. How concerned are you about your job security?**<br><br>\--- Very (13%)<br><br>\--- A little (23%)<br><br>\--- Not very (31%)<br><br>\--- Not at all (33%)<br><br>**5. How concerned are you about your ability to pay your bills?**<br><br>\--- Very (10%)<br><br>\--- A little (19%)<br><br>\--- Not very (29%)<br><br>\--- Not at all (42%)<br><br>**6. How are you feeling about a recession?**<br><br>\--- I feel like I am prepared (25%)<br><br>\--- I feel like I am somewhat prepared (24%)<br><br>\--- I feel like I am somewhat unprepared (24%)<br><br>\--- I feel like I am completely unprepared (27%)<br><br>**7. What age range are you in?**<br><br>\--- 18-24 (14%)<br><br>\--- 25-34 (24%)<br><br>\--- 35-44 (23%)<br><br>\--- 45-54 (17%)<br><br>\--- 55+ (22%)<br><br>**8. How would you describe your financial situation?**<br><br>\--- Lower-middle-class (14%)<br><br>\--- Lower-class (14%)<br><br>\--- Middle-class (30%)<br><br>\--- Upper-middle-class (25%)<br><br>\--- Upper-class (17%)<br><br>**9. What is your highest level of education completed?**<br><br>\--- High school (16%)<br><br>\--- Some college (21%)<br><br>\--- College (31%)<br><br>\--- Graduate degree (26%)<br><br>\--- Other (6%)<br><br>**10. What is your occupation? (Select all that apply)**<br><br>\--- White-collar worker (28%)<br><br>\--- Blue-collar worker (16%)<br><br>\--- Service worker (13%)<br><br>\--- Self-employed (8%)<br><br>\--- Student (9%)<br><br>\--- Retiree (8%)<br><br>\--- Other (18%)<br><br>And that’s it. Thanks for participating.