Economy’s Effects
There are different views on how the economy can affect us in a negative way or a positive way in the United States. These views are noted by Kristin S. Seefeldt as they are either “Carrying debt . . . disrupting families financial lives and negatively affecting their well being” (Seefeldt). [We as a society need to work harder on finding ways to curb these statistics from continually growing]. Debt can be noted as a positive outcome when it is to our advantage. There is such a thing as good debt and they consist of an educational loan, home mortgage and a car payment. All of these can be necessary investments towards the future as this is called consumption smoothing as it is ongoing debt. Sarah A. Burgard & Lucie Kalousova point out that “Some studies show that people . . . in recessions suffer negative health consequences, whereas other studies show that mortality rates fall when the economy worsens” (Burgard & Kalousova). [Society can begin to try harder to succumb to these statistics by finding ways to overcome the odds of surviving the toll that it takes on our lives]. As we study the effects on the economy we can begin to work towards a positive outcome in the US.
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