Honestly, I never really cared about the economy and politics and how it affects me. I lived in a small country town in Texas all my life and now for the past three years I have lived in Emporia, Kansas. The only way we know anything about the DOW, NASDAQ, and all the other names used by those of Wall Street, is by the news on TV. Throughout my life, I have never had to worry about debt and how the economy could affect me. As far as I could tell, the only way it affected me was gas prices and the price of goods. I have now come to a different conclusion.
Who knew that we would be experiencing the economic difficulties we are today? Many people of my generation are about to enter the real world and many are already there. The economy affects our current jobs, future jobs, cost of living, and life in general. Seeing and hearing what our economy is going through is scary. I never knew it affected my life so much. Now I am questioning if I am going to have a job when I graduate college and if I am even going to be able to survive on my own when I get into the real world.
I have finally realized that learning about the economy should be just as important as learning about the history of the United States. It all goes hand in hand. When there is a war there is money spent, when there is depression money is lost. All the major events that have happened in America have all had some affect on the national debt.
An even more recent issue is banks almost going bankrupt, needing a bailout just to stay alive so that more people do not go into debt. Today it is so easy to get a loan, almost anyone can. Businesses and corporations that have loans are going out of business and are not able to repay the loan because they have no money so the money that was loaned, is lost.
Speaking of loans, what about student loans. For many that is the only way they can continue their education out of high school. With this recession occurring are student loans going to be harder to get. What is going to happen to our country, are we going to be able to come out of this recession and rebuild our economy? With the new president about to take office time will only tell.