Better or worse for whom? Right now a small number of people are making money hand over fist. To them the economic situation is peachy. There is no escaping the fact that most people face a lower standard of living in the future. They say my generation (late baby boomers) are the first American generation to be worse off than their parents but I don't think we will be the last. It is getting harder and harder to get ahead. It costs more for my step-daughter to sign up for one class at community college than I used to pay for a full course load at a state university. In spite of tuition and living expenses going way up the pay for unskilled jobs is scarcely higher than when I worked them 30 years ago. I worked my way though college but now it is virtually impossible for young people to do what I did so they take out huge loans and start their lives with a huge debt. I know young people who graduated college and now work jobs that barely support them let alone leave them a surplus to pay down their loans. Deferments on most types of student loans stop the payments but not the interest so these young men and women are just getting further behind. I think some of our economic woes will get better but we are a culture in decline and we will continue so until our national priorities change.
I think that once a country reaches a stage where people are living their dream then the slightest drop in funds will shatter it. People just need to live within their means and start spending their money wisely. If u waste your money on things that are far more costly compared to their value, you will spread your money toward less people. For example: I can buy a phone for $500 and would probably have wasted a total of about $400 in profit margin. NOW if I bought a $100 phone then I would have funded the same work force it took to make the $500 phone and can now spend $400 on other things that also funds other work forces. The phone is eventually drop in price anyway which just proves my point. This is just an example and not to be taken literally. Spend little on more instead of spending more on less.
the united states dollar bill is known as the worlds reserve currency. if a german wanted to buy oil, he would buy dollars first, then oil. that means the value of the german mark is very important cuz the country has gotta export as much as they import. its been that way for a while. the problem is we can just keep printing more and more money and get anything we want cuz we are the only country who can legally print u.s dollars. now other countries (such as china and russia) are starting to denounce the u.s. dollar and using their own currencies. its only going to keep getting worse. as of right now, if every american was taxed 100%of their income, it still wouldnt be enough to balance the ferderal budget. its absolutely incredible.
On the other hand... can it get worse?
Well, probably it can. It seems to me that people did not learn at all from the 2009 economy crash. They're doing the same mistakes over again. All the stock markets, the speculators, the managers... just the same crap over and again. Selling fantastic hypothetic products. Like stock derivate products. Basically a bet on a future stock quotation. It's like Las Vegas, they only pretend to be serious businessmen. It will, I think, lead to the next crash soon.
If you can, dig a piece of your garden and plant potatoes, carrots and other stuff. And call it a life insurance.
I'd say it can only get worse. The more people there are the more jobs that are needed and the more money that is needed. A lot of people are also trying to preserve as much environment as possible which wouldn't leave as much room for more and more businesses which people would need to obtain jobs. So only if the population were to go down then it would get better.
i don't think so. The tuition for community colleges are increasing.. I was aiming for a certificate for child development and my professor said don't bother cause and Associate degree won't help u much so certificate/diploma is not helping with this economy:(
The economy has gotten up and is going up right now but what isn't going "up" is jobs which usually follow the economy but that isn't the case now.
Overall, it has gotten better. Not significantly, but it is not getting any worse. It will take a while before any real recovery can be seen.
I agree, I think so many things are wrong now.I don't see how the country will ever get back on the right track.
no chance. "look up porter stansberry investment advisory end of america" some of the facts will blow your mind.
I don't really know at the moment. I guess that it depends on who we get and how hard we try.
I think it will get better evntually. Its just going to take a few years.