Ive been thinking about this topic this evening and in all honesty my personal conclusion is that generally throughout the nation during a recession things get tight, some people do tighten their belts, work isnt as abundant, work is generally less well paid; but with some ingenuity, ambition and diversification I would have thoguht that most of us would still be able to keep things generally well buckled down and running quite confortably.
A recession? Possibly concerning and requiring consideration, but perfectly manageable.
Matt