We're all on fixed incomes in my way of thinking.. Only thing those still working have over the rest of us it that they may still get a raise... but they can also get laid-off too... So expect for those few who are independently wealthy, we all only get what we get every month. Those who work for themselves don't even have that comfort.
We all have to watch what we spend... I am breaking myself of buying any fabric without trying to find a way to do without it... by using my stash, or trading, or making a block out of 3 blues instead of the 1 a pattern calls for. I try to buy only on sale. I use coupons. Mostly I try not to think about buying anything and I don't spend time in the fabric stores.
It would be wonderful not to have to pinch every penny, but I think it is going to be a way of life for a lot of us.