The Economy

The economy has been in a slow decline for almost a year now. Only now is it becoming more apparent to those not usually affected that the United States is in and headed for trouble. People are unwillingto invest there money into the United States stock market and into banks. What most people do not realize is that this crisis is not only affecting the United States but touching other countries globally. The economy affects everyone; although, us as college students may not feel the crunch now we soon will when we graduate and attempt to start a life on our own. As consumers the state of the economy affects us greatly. When the economy is in poor shape the price of almost all consumers goods is driven up. Banks become afraid to lend out loans and will not lend out loans to those with little to no credit coming out of college. Even our chances of employment are slimmed down because companies simply do not have the money to hire new employees. In some cases they barely have the money to maintain the employees they already have. The main changes most people realize as relating to the economy however is the soaring high price of gas. Since realizing myself the seriousness of the economy I have cut back on driving as much; in an attempt to fill up my tank less often. I started to look at the prices of food in the grocery store and second guess myself on wether I truly need that. I have been more frugal with my money and buy only what I need and not what I want. The economy is in a fraigle state and during this time almost everyone is buckling down.