I’m a consultant and my raises have generally been pretty good over the last few years … generally in the 10% to 15% range. No idea what I’ll be getting this year. I’ll be happy if I don’t lose my job.

I think those of us who manage to stay gainfully employed over the next 3 to 4 years are going to be fine. Housing prices should continue to come down, so just continuing to bring in that same level of income will buy you more house.