Well it has taken a little longer in the UK for the crisis to hit but it is definitely now having an effect.
Whilst many people still have not noticed too much difference except an increase in the cost of living it is now a lot less secure on the job front. With many thousands of people losing their jobs through redundancies everyone is tending to feel very insecure.
While I was in Spain this summer we spoke to our friends about the problems already encountered in Spain and at that time we hadn't seen any of it occuring here. We chatted about buying a property in Spain ready for when we eventually retire - unfortunately that now seems a dream in the too distant future. The exchange rate is suffering, although not so much here as in the USA, and the value of our houses have dropped. Loans are a lot more difficult to get hold of and also we are tending to be wary of taking on any more expenditure in case we end up out of work.
It is so sad and the divide between rich and poor is even wider....