Recession : What brings Software/BPO professionals to reality

Recession: A very dangerous word for software/BPO industry. I have seen pain in eyes of those who are in this industry and I have seen how they are suffering. When will people in this industry will learn that money is not which lasts long. The way people in software/ BPO industry spends is an USA mentality. "Jio yaar!!" that's what is funda. Everyone in software/BPO industry is trying to buy land/ flat/ apartment. Well and the hunger doesn't stop at one place but they need multiple. One for husband, one for wife, one for child and multiple if children. No wonder prices of everything goes up.