The uneasiness increases further
February 18, 2008
Many American citizens are of the opinion that the living conditions in the country is getting more uneasy by the day. This opinion is coming even while most of the economists in the country are of the opinion that the economy of the country is healthy enough to get out of the minor troubles it is in at the moment.
In the last few years when jobs were available in plenty and it was relatively simple and cheap to borrow many people did not feel that everything was right. High prices of homes and the availability of plenty of credit cards allowed the people of the country to go out and splurge on commodities. But even during those golden days many people felt things were not right. Now that the golden period has come to an end finally the undertow that was present ever since then has gotten stronger. Now if the easy credit is taken away most of the consumers in the country find that the pay cheques they get have not kept the same pace with their needs and their affinity to spend cash.
The hard truth that they have to pay $3 for gas and $4 for milk has finally hit the people of the country who earlier were not too concerned about the fact. The health care expenses most people of the country incur in a year are almost four times the amount they get as pay. Even the certainty of getting the retirement security that they have been promised is solely dependant on the state of the stock market.
The confidence of the American consumers are decreasing by the day and the main reasons that can be attributed to this are the collapse of the housing market in the country, unavailability of credit and the heavy debts most people in the country have. All this when combined with the anxiety that was there all along broadcasts the situation out of control. The fact that the economy is currently in a recession or on the verge of going into one is definitely playing on the people’s minds. The increasing levels of anxiety and fear that is present in the people’s mind right now is not going to go away any time soon even after the economy shows some signs of improvement.
Much of the anxiety that is present right now is because of the uncomfortable feelings that one gets from the economic roller coaster ride. The consumers become less confident about clinging on to their jobs or about getting new ones. The growing fear of meeting the household expenses and other future prospects make the life of the people even more uneasy.
The truth that the people of the nation have been facing for quite some time is visible from the fact analysis which was taken months before the economic crisis broke out. The report showed that nearly 2 out of 3 Americans felt that the economy was not as secure as it used to be nearly a decade ago. Another half said that the economy was going to get even worse in the future.
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