Those of us who derive our retirement income from diverse investments are probably taking a more dim view of the situation.
However, as I probably need more gear like I need a hole in my head, any present/future austerity measures should have no effect on my equipment acquisitions.......they will be very minimal one way or another.
In good times or bad times, one should in theory buy with restraint, applying some criteria of value, not being unduly influenced buy Canon\'s new product intros, marketing and such. As I get older, I seem to be getting better at following that advice myself.