The 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.