Art and the Economy

I'm curious to see how artists and art collectors are doing in this poor economy over the past year or two. With unemployment and home foreclosures high, I'd imagine things are a bit tough in the art world. It's hard to imagine people spending money on art when they are struggling to keep their homes or put food on the table.
If you are a full or part-time professional artist who makes some or all of your income from art, have you felt the pinch? Have sales dropped noticeably? Have you changed your marketing strategies to try to counter some of the effects? Have you had to take on other, non-art-related work?
If you are an avid art collector, have you had to curb your spending on art recently, or changed your buying habits, like buying more prints and fewer originals?
Leave your comments below.