How have you, your family or friends been affected by the economic downturn ?
The news focuses on banker bonuses, export volumes and fiscal metrics but what is the impact on normal people and families ?. The lack of 'real stories' make many people think the recession has only hit their household so hopefully this question will make us all feel a little more unified in our challenges.
Well, I know that since Obama has been in office more people are now on food stamps then ever before. The unemployment rate is still a staggering 8.2% for "Civilians" and 12.1% for Veterans which puts thousands of Americans out of work, including myself. This is extremely unfortunate for those Americans who have home loans and other bills. It seems like everyday I see one more abandoned house and another business going under. Its sickening to think that as bad as I have it, some one has it worse. The irony of it is that we are no longer in a recession. Despite this fact, America is struggling and it shows no signs of shedding light, unless you call Obamas creation of 80,000 jobs and an added 5 trillion dollars to the deficit a "step in the right direction".
by David Branagan17 months ago
Can you associate an economic downturn with anything positive?Ireland had one of the worst economic disasters in history. Major unemployment, mass emigration, home repossession. One possitive thing was that it allowed...
by dwreamy7 years ago
How do you view fashion in this economic downturn?It fashion a necessity, should retailers attempt to slow down the fashion cycle so that "being in fashion" has a longer life.
by cindi h7 years ago
How are you dealing with the economic downturn?
by Sherry Hewins5 years ago
Have you lost your home, your business or your job. How are you coping?
by tiginban8 years ago
Hi,Just wondering if anyone's been reflecting on any positive aspects of the economic downturn. Seems like sometimes we're so crippled with fear, we forget to notice if anything good's happening. Here's 3 from me1....
by retellect6 years ago
How has the worldwide economic downturn affected Sri Lanka?
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.