Photo retrieved from http://1k30days.com/bad_economy.jpgThe United States economy has taken a severe turn for the worse over the last few months and even dating back to December 2007 in some cases. This includes real estate (houses and property), the stock market, banks, and retail (items that we purchase such as gas, groceries, clothes, and electronics).
You may have heard a lot about what's happening in the US right now or you may have heard very little, but it is a very tough time for many people and it is not turning around any time soon according to economic analysts (people that know a lot about economics). Most of us have noticed the price of gas rise and maybe the cost of groceries, but there is much more going on. A number of big US banks have gone bankrupt and the stock of many companies has lost its value. Many people have lost a lot of money that they had invested in the stock market because of the worsening economy.
How has the decline of the economy affected you (and your family)? What have you heard about this situation? Maybe from friends, parents, extended family, or teachers. How do you feel about the state of the USA? Feel free to answer these questions or leave other thoughts or questions that you have about the current state of the US economy. I have left a comment as an example for you. I look forward to reading your ideas. Later.
11 comments:
I have been very aware of the decline of the US economy over the last year or so because I have stocks. I noticed that they were losing value quickly starting in December 2007. Since then we have lost a lot of money because the stock market has been doing poorly. We also have a bank account with Washington Mutual, which went bankrupt last week. Luckily we didn't lose any money because they were bought by another bank. We have also noticed that it costs more to fill our car with gas, but because I bike to work we don't have to drive the car all that much.
I feel pretty nervous about the state of the US economy, but people keep saying that we'll get out of it eventually and stocks will bounce back so that helps a bit. However, I am still scared of losing money and having to live with costs that are getting higher each day. I guess we just have to take it one day at a time and try not to worry about tomorrow.
the economy is going up and up every year. everything is more and more money every year to. people are going to buy less and less things if they cost alot of money. Its really hard for familys when they don't have money and they cost allot of money. I think that the u.s has been going up in the economy and less people are ending up in the street because it to much money, and poor familys don't have that much money. The gass prices are going up and if it goes really high are people going to stop driving? are they going to start walking to work. the prices on the houses are going up every year are people stop buying houe cuz the prices are to high. well we have to wait and find out.
The economy of the u.s has effected my family because of the gas and the prices are more expansive. Things are getting harder every year...
My families had been aware of the decline of the US economy over the last year or so because they have stocks, and they been noticing that lots of money had been missing the last year or so. Because they been putting lots of value. Also since they've been losing stocks, they been noticing that the gas price is costing more, and that everything else is getting higher. So every since that had happened they've been feeling nervous because they are scared that it might happen again and this time they might be losing all of their money. Now they are hopping that the stocks will go down eventually.
well like alot of you guys know some are the biggest banks got out of bussines and that is rely bad. a lot ask what happen to all the money well at least thats what i ask myself.
I asked my us history why dont they just print more money but he said it sounds easy but it a'nt cuz if they do the vaule u would be less like a gallon of milk costs 3.50 and we did that it would cost like 6.00 dollers and that would be bad to.
an un aployment is going up.my dad paints houses but how can he have work if a lot of construtions arent not building nothing becuse theres no money.
my dad got a phone call form ben walsh and he told him that he got a job for him and my dad was happy and he said its not thatr big but a job is a job and thats true what ever you can get is good as long u can food to feed your family.
but i think we need to something becuse this is rely bad .
I"ve have noticed that many people are talking about the economy is not going well. people are loseing alot of money. banks loseimg intrest and some bankes are being sold. food and supples are coasting more. Houses are going down in price. witch means its harder to sell but better to buy a home.
The economy of the u.s has effected my family because of the gas and the prices are more expansive like fast food, groceries, and clothes. Things are getting harder every year. The people that sell houses are lowering the prices and its harder for owners to sell their house.
It has changed a lot because of the gas and since the gas is more expensive that means they have to make the prices of the stores are getting higher. also the houses are getting more expensive they are getting harder to buy.
Well I think that in some ways it has affected my family. Why because now we have to pay more gas and grocerise are more money. Then it us to be like. I have heard from the t.v that many banks have gone down and that the bailout was trillion of dollars. I feel worrie cause you never know if the bank your money is in is safe. I also feel like economic problems are just getting worst and not even getting better. I think the president should do something befor it gets horrible.
the economy has been goin up evry year alomost evrthing is goin up evey year peoples are buying les and less because its two much and people neen money for other inportan stuff like food and rent and other stuff like that.
Well i think that the economy is affecting most of the people because they have family and things to buy like food,ect. But oh well life is life so you needa get used to it because we cant do anything about it.
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