11/10/2011 04:15 pm ET Updated Jan 10, 2012

How Financial Values Have Changed Since The Economic Downturn

As middle-aged New Yorkers tell CNN, their financial values have changed since the economic downturn.

"I've kind of given up thinking about money because there's nothing stable anymore," one woman says.

Leisure travel and home improvements have taken a back seat during the recession. Many Boomers are also facing the reality that retirement will come later than originally planned.

"Our retirement investment is no longer what it used to be and that means our style of living has changed and we can't afford what we thought we could afford back when we were 35. We're now in our 50s."

However, it's not all doom and gloom, and there is much that can be done to not only ride-out the recession, but possibly even gain from it. The Associated Press reported that people who lost their jobs well after the recession ended in June 2009 made the transition from employee to entrepreneur. One woman interviewed by CNN agreed that starting a business in a down economy may be an opportunity in disguise.

Watch CNN's interview above, and let us know how your financial values have changed due to the recession.