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Being able to support a family is already a difficult task but when people are getting laid off from jobs, unemployment rates are increasing, and the economy is struggling many people can barely afford to buy necessities for themselves never mind for an entire family. An extended decrease in fertility levels could have hugely negative effects on the country’s demography. Lower fertility rates mean less babies being born which in turn decreases the younger age population while the aging population slowly increases. This is one of the main issues with low fertility because it does not evenly decrease the country’s population. I have found a couple of articles from previous papers to support my thesis.

During many people were getting dismissed from their jobs due to the U.S government to having enough money to pay the employees. During this time U.S had to save and that’s what caused employment to decrease. Even after the Great Recession finding a job was tough, people were long -term unemployed some had to wait around six months to find a job others even longer. By 2010 long-term unemployed were rapidly increasing to having a job. Other long-term unemployed left labor force permanently and some of those ended up on disability rolls.

Bonus Paper The Great Recession of 2007-2009 was very harmful to the economy of the United states. Many people lost their jobs and were forced to work at lower wages, so the demand for consumer goods dropped. Homeowners were also hurt because the value of housing and real estate crashed. This decrease in wealth pushed back the retirement age for many people. The financial situation was especially worrisome for my personal household during the Great Recession.

Once the economy stops growing than we are in trouble for our economy and a possible repeat of the recessions, that has plague our country from the past. When consumer demand for goods and services drops, business revenues decline, and eventually companies have to lay off workers to maintain profit margins. Often there isn 't enough production to keep the workers busy. Over a period of time, the economy experiences many ups and downs this causes

Most of the nation’s banks also failed because they had to put the depositors money in the stock market to increase but when it crashed people lost most of their money. Many people started to lose faith in the stock market and “you can’t have a healthy economy without confidence in the market.” When banks and businesses started to close many people became unemployed and then people can’t afford food for themselves or for their family. People started to take loans from banks but then couldn’t repay the banks and the banks couldn’t let their depositors withdraw any money because it is all gone or given for loans. From the start of the depression the United States economy was going down day by day. President Roosevelt had closed all the banks for three days and then some banks opened backed up with strict limits on withdrawals.

This unfortunate problem is negatively affecting the economy. With the economy getting affected, it causes GDP to take a downturn as well. When there are millions of people that are out of work, fewer productions are being made. Unemployment is defined as a situation where someone of working age is not able to get a job but would like to be in full time employment. (Pettinger 1) Perrucci If there are currently millions of people out of work, then GDP is going to go down.

Unemployment is when a person is searching for a job but could not find one,they are actively searching and are willing to do work. Unemployment rate is a measure of the number of people who are both jobless and looking for a job.Economy faces high unemployment in the period of recession.6% of world’s workforce were without job in 2012 according to ILO report. Unemployment have a negative impact on the growth of the economy.It is harmful for the economy’s growth because it increases poverty and waste resources. There are three types of unemployment which are cyclical,frictional and structural unemployment. Structural unemployment is due to lack of skills or wrong area desired for work,when there is advances in technology workers need to acquire

Because so many people had bought on margin, the economy suffered from a severe lack of activity, creating a nationwide depression. People also lost their savings, as a result of banks using deposits to buy stocks. Other causes of the crash include over-speculation and overreaction. Over-speculation, the act of valuing

This hurts the middle-class because fewer jobs are provided for Americans, which is one of the biggest reasons why people fall into poverty. The society then suffers from lack of jobs, rising health care, and not enough savings. The middle-class copes with these symptoms through working longer in life, holding out of retirement longer, and using government handouts. According to Rand, the latest Census data shows us that the average American family has gotten poorer within the last ten years (2013). It has also been shown that the middle-class is further in debt due the real estate values have gone down.

Since most of the families had no money to buy goods, store owners had to reduce their orders from the factories. Due to this, factories had to fire workers and decrease... ... middle of paper ... ... the effects of the Recession. Many people still believe that we are in a recession today. They are still feeling the effects because they are in upside down home loans, unemployed, and depend on the government to get by in life. In conclusion, the Great Depression and Great Recession were very similar to each other.