Essay by:
Jasinta Wencel
Emporia State University

“We are heading toward a recession!” The first time hearing this quote was about a year ago. I was a freshman attending Emporia State University. I remember thinking, “This isn’t something I need to worry about. I know that I’ll be successful in my future.” I happened to be wrong. Little did I know that this is predicted to be the biggest decline in our economy since the Great Depression in the 1930s. I have found that is affecting me more and more as we begin to get closer and closer to a deeper recession; we need to act fast before it is too late.

So in my early stages of denial about this so called “Recession”, I was beginning to imagine what it really would be like. It started to scare me knowing that someday I could wake up and realize that I have no money. But how could this possibly happen to me? I am working hard to becoming an elementary teaching and earning my masters to someday become a principal. Then it hit me! The only way I am able to somewhat survive now is by my student loans. It never hit me this hard knowing that someday I would have to pay those back! Each year I take out thousands of dollars to get me food and shelter. What will I do when that runs out or I will not be able to pay them back? If something is not done about the recession and if it somehow gets worse by the time I graduate, I will find myself struggling to survive.

Not only has the recession scared me, but my family is starting to struggle now. Every summer I look forward to being with my brothers and sisters for a nice family vacation. Now, my family is struggling to even pay the bills or help my sister and me out for college. I know that my family will be fine. As long as we all stick together as a family, I know we will make it. However, there are other families that are struggling more than we are. Many major companies are making cutbacks in order to save money. This then leads to families without income. An example of this would be just last year when Tyson of Emporia, Kansas laid off many of their employees to have some extra money in the business. This influenced many families of Emporia. Many had to find new jobs and even worse, move their home to another town. According to Bruce Jackson at Yahoofinance.com, “Unemployment will continue to rise. There are currently 1.825 million people unemployed, and this number will keep rising throughout the whole of 2009 and probably into 2010, ultimately peaking at close to 3 million.” This is scary for all families. We need to come up with a solution to help employment rise and get us out of a recession.

Many US citizens are worried about the crime rates increasing due to the recession, including myself. Some individuals who are struggling will often find a second job or cut down on their spending, but some take the easy way out and commit a crime. To be more specific, identity thief had increased by 50 percent in 2008 according to David Weliver from Moneyunder30.com. I could not believe it when I received a letter in the mail just a few weeks ago encouraging me to get a new debit card due to identity thief. This rise has made identity thief the fastest growing crime rate in the nation (David Weliver)! Some advice may help some to prevent them from being a victim of identity thief. First, it is smart to keep an eye on your bank statement. If you notice any unusual spending or spending you did not do, contact your local police department to get it taken care of right away! Second, be careful where you type in your full name as well as purchasing things on the internet.

These are just a few ways this recession has affected my life. I do not have the slightest clue as to how to get us out of it or help us become a more stable nation. I trust that our president and his members will try their best to help their country. This recession has only affected me little, but we need to do something fast to help out our other members of this country before it is too late.




Re: It Hit Me Before I Knew It

Jasinta,

It’s unfortunate to hear that our current financial crisis has affected you so greatly. It’s definitely pervasive; it’s affecting many people adversely. I agree that immediate action must be taken, rather than waiting.

-Amber Vanderhofe


Re: It Hit Me Before I Knew It

I like how you added your personal relationship with the recession and how it has and will affect you personally. Many think that they will just get lucky and nothing will happen to them, yet we are all at risk for the consequences of our debt.
-Amy Losey


Re: It Hit Me Before I Knew It

I also like how you added how you personally have been affected by the recession. I think that sometimes as college students we think we're "safe" from the world around us and what is happening in it, and once we finally finish college a job will magically float into our laps. It seems like anymore it may be a little more difficult. It's scary to think that jobs won't be available to pay off all of our student loans when we finish college. I like how you painted that picture in your essay! Good job.

Brittney Regier


Re: It Hit Me Before I Knew It

It is important for everyone to realize that the current economic situation affects everyone in some way, and your essay does a great job in addressing that.


Re: It Hit Me Before I Knew It

Your essay caught my attention. I too had not taken the recession talk seriously in the beginning. I have found that my family is suffering also. Family vacations have been put aside. Your essay is very personal and it helps others understand that the national crisis is affecting everyone. Good job!
Sara Ledy


Re: It Hit Me Before I Knew It

Its hard to believe that it's actually happening to us. Like most families, we struggle to get by with the necessity of needs. Spending money on what we call "fun stuff" isn't much of an option anymore. In the end we have our family and friends to help cope with situations as big as this. Like a lot of people, I can relate. Good essay
-Jessie Ross


Re: It Hit Me Before I Knew It

I also liked how you added how the recession has taken effect in your life. Mine as well has suffered and we all have felt it the worst in the past 3 months. I agree with you in that we must do something now, before it is too late.


Re: It Hit Me Before I Knew It

I liked how you put in your personal account of how the recession is affecting you. I think alot of college kids dont think about how the recession is going to affect them if not now later. I to borrow money and worry if the economy gets worse am i going to be able to pay it back or end up being like most americans in so much debt i dont know where to start paying it back. I agree that actions need to be taken NOW things are already bad enough we dont need them to get worse before we get off our butts and do something. Overall i really liked your paper and i like the statistics i didnt know about at the end.

Melissa LaFuria


Re: It Hit Me Before I Knew It

Jasinta,
Also as a college student I am now starting to worry about the financial state of our economy. I as well have to take out student loans to pay for college and the thought of having to pay them back with a high interest rate is some what frightening. I never worried about debt or anything because I knew that I was working towards having a college degree and will be at to top of the list for getting a job and will have plenty of money. However, with more talk about the recession we are entering, I became worried. What if I can't find a job and then have no income to pay back my student loans? Although the only debt that I am in is with student loans, I begin to worry that there are many students who say the same thing but are thousands of dollars in debt. When you add the debt of a few college students just from student loans, the amount is astonishing! It doesn't seem like a big deal right now, but no matter the amount of debt, we are all contributing to this trillion dollar debt. It is important that people start making smarter financial choices in order to help their financial state in the future and hopefully start to make a positive change in our economy.
-Jodi Herman


Re: It Hit Me Before I Knew It

I understand what you are going through. My family has been hit hard as well and I worry a lot about my family's farm with everything that has happened. I did not relize that identiy theft has increased so much. That is a thing to worry about and thank you for the tips in your essay.
-Emily Readinger


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