Is the US Economy going to get bad or worse and if worse who will feel the affects first.?

Answer 1

Much worse. The problem is money is being cut off because of the sub prime problem. This requires the Fed to cut rates to ease borrowing standards, but employment is fine so people have spending money driving up costs. The dollar is falling as well do to the real loss of money caused by the sub-prime market and world pressures. This would require an increase in the interest rates.

As always the poor are affected first. The sub-prime market is not allowing them to borrow money and the higher cost of goods is not allowing them to get there BASIC needs.

To further complicate things the baby boomers are hitting the mid of the retirement age. This will create a large portion of our population with money without working as well as a lot of job opportunities and openings possibly causing bidding wars for employees. This drives up wages and costs causing inflation to skyrocket. If the dollar keeps falling the world economy may collapse.

Answer 2

It will get somewhat worse, maybe a lot worse. New workers without experience are always the group the are most affected by recessions.

Answer 3

this is affected my relatives and me in a pair of approaches. first of all, the activity industry is surprisingly undesirable in our section. i'm a sophomore in college, and that i've got been attempting to get a role considering that I graduated severe college over a twelve months in the past. i ultimately landed a role interview on Monday, so i'm hoping that it seems. the fees of gasoline and nutrition have risen dramatically, so all of us has lots much less funds. this is purely been somewhat hard for each guy or woman.

Answer 4

I think it will get bad. Stay away from stocks I've lost 11,000 $ in 4 weeks...but I was down 13 so it came back a little...

Answer 5

Definitely will get worst and the middle class will feel the hit most as always. Steady inflation in our problem.