The economy is a very fical creature. It can change from day to day, even from minute to minute. In fact I liken it to a husband, under the direction from his wife, arranging furniture in a new home. Even when the furniture is in place, at some point it will be rearranged again. A variety of things can cause these changes in our economy like turmoil in foreign countries, world politics, and basic supply and demand. Unfortunately these changes are not always good and the effects hit individuals and families alike.
What are some negative effects of a bad economy? Job loss is almost a given, resulting in unpaid bills, medical coverage floundering, and keeping food on the table a constant worry. And it doesn't stop with that. This is when the threat of foreclosure begins to raise its ugly head. According to an article in BusinessWeek, foreclosures are increasing "with 1 million residences having fallen into foreclosure since 2006, and an additional 5.9 million expected over the next four years". (Grow, Brian, Keith Epstein, and Robert Berner). Some families are able to stay strong working through adversity. Others do not have the will power to push forward no matter the odds. Every problem magnified to the tenth power. The emotional and financial stress weighing them down like a millstone strapped to their backs. And then finally one day, whether it be through divorce or a parent leaving without a single word, the family is torn apart. The result is not always the same, nevertheless a family has been broken and the choices that were made have been set into motion.
Works Cited
Grow, Brian, Keith Epstein, and Robert Berner. "The Home Foreclosure Fiasco". (Cover Story). "Business week 4120 (2009): 34-40. Business Source Complete. Web. 26 Nov. 2011
No comments:
Post a Comment