I tried to ask this question before but the question asked wasn't answered, just rhetoric about the U S having the greatest economy in the world which doesn't sound promising worldwide. Please no references to third world countries or greatest economy in the world.
My interest lies in seeing how the price increases in necessities and services across the board have affected those who are trying to provide for themselves and their families and what they feel the source of the drain is. My state and its citizens traditionally feels the stress of the economy first before it spreads across the US and I'm curious to see how far reaching the affects are so far. My state was second in foreclosures last month so I know there are 27,000 people at least that would beg to differ with responses that say how great the economy is.
2007-06-11 17:08:31 · 4 answers · asked by Anonymous in Social Science ➔ Economics
It is impossible to get a sense of the economy by asking just a few people. You would need to ask thousands of people for their numbers before you could see how the economy is affecting people's lives. In general, prices are going up and wages not so much, so it may be difficult for certain demographics. Regarding foreclosures, that doesn't tell you anything. It could be that the economy is bad, or it could be that people are being stupid and buying houses that they cannot afford. But at any rate, some people do well and some won't. Economic success is a combination of work and luck, and there are always going to be people on either end of the spectrum of success.
2007-06-11 17:28:50 · answer #1 · answered by Anonymous · 1⤊ 0⤋
my wage increases are larger than price increases.
Economy is great on average, there are definitely people who are going down.
It is not US policy to bail out dying industries and areas, b/c it would mean undermining the growing ones.
It is tough, but that's what makes economy great.
If you want social justice, move to France - everybody is equal there.
2007-06-12 00:13:01 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Yes especially for people who have trouble making ends meet. Only the rich have no worries it would seem.
2007-06-12 00:12:52 · answer #3 · answered by Toddacanda 5 · 0⤊ 1⤋
WAAAAAAAAAAAAAAAAAAAAAAAH!
2007-06-12 01:38:44 · answer #4 · answered by Anonymous · 0⤊ 1⤋