Throughout my years in high school, the economy, overall, has been low. When I was a freshman, it seemed to be at its lowest. The recession that we were in, however, was beginning to look up. Four years later, the economy, in my opinion, has raised a little. We are not in a recession anymore, even though the United States is deep in debt. I believe that the debt will not be settled for a long time, and the fiscal cliff which we are bound to go over, might cause a small recession.
Personally, I have seen many affects that this low economic time has caused. Three of my neighbors have had to downsize their homes, in order to make easier payments. I feel as though not as many kids can go to a university college as in previous years. With tuition costs rising, and incomes dropping, it has become a struggle. Scholarships have been given a different meaning, since there are so many given out these days for so many different reasons. I hope that the economy can shape up in the near future in order to help us younger generation kids.
QUESTION: How else would a bad economy effect my generation?
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