Sunday, May 1, 2011

Thoughts on Global Financial Crisis?

No doubt the global financial crisis had an effect on everyone from adults to the younger generation. Because of the global financial crisis more student are having to go to community college in order to transfer because college tuition is so exspensive, as a a new freshman in college this had a huge impact on my plans i had for myself and my future (not that is was that bad in the end) but still my parents are having quite a time trying to save up the money to get into a 4 year college especially with all the other payments that have increased as well due to the recession. As for my parents I believe the job loss and foreclosures on houses was affecting them the most. My moms work had a lot of people that got let go, which meant my moms work had to move to another place and join with another company to keep from closing down. My dad was lucky enough to not have lost his job but because many of his co-workers were let go it meant that  he had to work double the amount in order to make for all the employees that are now gone. The recession is tragic but its not here to stay, as long as citizens make smart choices, use common sense, and use our money wisely we will be able to escape this recession and hopefully make a change for the next generation.

3 comments:

  1. It is true that everyone is getting affected by our economy. And it has affected me too. I had to go to a community college because I wanted to save on money so that we could send my brother off to a private school. I never really thought about how personal it gets, until it starts to take over our lives.

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  2. Yes, hopefully things do get better. It really sucks that many people lots there jobs and as well there homes. For the people that were lucky to keep there jobs, there was a big change on how much work they have to put in now and still have the same pay.

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  3. Very true, the ability to make smart consumer choices are very solid building blocks toward a future with less debt. It is the responsiblity of every American to be smart when choosing a "need" over a "want".

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