[Text entry] According to a recent survey, most economists expect the economic downturn in the United States to have lasting effects not seen since the Great Depression…
I have had my hours cut back due to the economy and it effects my family greatly. I can not pay all the bills and the kids go without new school clothes and things. The only good thing is we receive food stamps.
Unbridled Capitalism can be a very destructive force.We need some restraint in the form of Socialized Democracy to even the playing field.The gap between those at the top and bottom of the pyramid has never been greater.If the middle class disappears you will lose the "thick as a brick" wheel of our economy.Greed at the top will bring everyone down.
The downturn has resulted in a very difficult job market for a number of people who I know who are either unemployed or underemployed. The fact that there are so many people out of work competing for so few jobs, he possibility of finding a good job sometimes seems hopeless.
The US will have unrest because lots of people will be out of jobs and struggling to provide for their families
If more services are cut, people will not be able to work to their full potential. People won't be able to better themselve because there will less money for buying which effects the economy even more, less scholarships for college, etc, this could effect most people, except the rich which in turn will eventually make us lose ground with other countries. We will have the very rich and very poor which isn't good for any country.
Negative effects will be that more and more people will be out of work and many others will still have financial problems
I FEEL the upcoming generation doesnt have the ability to learn how to live with less, which due to the economic downturn in the U.S. will be a necessary part of life for the majority of our population.
The unemployment rate will remain high and yet there are several jobs in our area that are not filled due to the fact that they're considered menial or not quite up to par. Srevices that Americans depend on? Like what? Like food stamps, free lunches and welfare in general. That's a good thing. Young people today will be worse off financially. So, if mom and dad make $100,000.00 I'm sure their child could earn $75,000.00 and that would be worse off. The aforementioned article is too vague for me to be too NEGATIVE... it's like scare tactis without telling me much of anything.
I'll have to work longer to afford retirement
Inflation will begin to increase rapidly as the quantity of money increases, thus increasing the cost of living and decreasing effectiveness of already stagnant wages. Business owners will be unable to maintain staffing levels because stagnating revenue will be unable to keep pace with increasing operating costs.
LACK OF JOBS SO PEOPLE LOSE THEIR HOUSE AND WOMAN..
I think there is going to be a major depression and it will last a while. I thimnk it is foolish of our country to borrow money from China to give to India.
There is a sense of entitlement in our society today- probably created, in part, by the economic boom of the past several decades. Hard work never hurt anyone, and determination and perseverance through difficult times will lead to more success in the future. Personally, I had to take a job that I don't want in a city that I don't want, because it was the only option that I have at the time. It's left me away from my family and my girlfriend whom I love very, very much and has me really fearing that I may be stuck in this city forever. Of course, I know that this is only my first job, and what I do with it will drive what happens to me in the future. I can keep my head down and put the work in necessary to move out, and more importantly UP in my career according to what I had originally planned.
I think the economy will be worse in USA than today because others countries are doing good things economically and they are growing so fast.
I have seen friends layed-off from their job and not being re-hired, I fear for their future and mine as well. I am worried the country's credit-rating downgrade will trickle down to the middle class making it harder than it is to survive financially.
Personally I blame the republicians for the mess our country is in. Of course the President is getting the blame, but it was all ready on a fast down hill slide before he ever took office. In the past few years we have had it really rough. To the point of doing without things we needed at the grocery store just because we didn't have the money to buy it. I got sick in 2009 and I haven't been able to work since. Thankfully I finally got my disability started and now all the sorry no good republicans can do is talk about cutting out on us. That makes me so mad. Why can't the rich take and do a better part than they are doing? It must be nice to be rich and not have to worry where the next bite of food is going to come from or if I can afford to buy a new pair of pants because my old ones don't fit. They don't have that issue and I honestly don't think it is fair.
The negative effects I feel are the lost jobs and so loss of income. Families are struggling more to provide basic food, clothing, shelter. I don't feel it is a right that every person is making tons of money, but at least for those willing to work should be able to find a job paying a living wage.
I tend to believe with less jobs, the crime rate will go up and so will domestic violence. More people might march on the Capitol considering there isn't much less to lose.
I dont think our country will ever be the same. We have too many laws ,not enough employment, too much discrimation. also our borders are to open which alow imagrants to take over jobs and not pay thier fair share. we need a new goverment and less wars.
It could happen but I am optimistic and hopeful that it won't.
I think it is sad for my children to have to deal with what the government has chosen for their future. They work hard to be the best they can be.
The growing gap between the rich and middle-income (to say nothing of low-income) Americans is alarming. It is discouraging to see people work hard and get nowhere, while others hardly work and have tremendous wealth.
Growing up in times when things were better but not the best. I can only believe my Faith for the best for me and all my family members. Creative Miracles.
The young people who can't get jobs and remain at home ,dependent on their parents will not have the skills,self esteem that comes from earning and contributing.Parents will both have to continue working just to stay afloat financially,if they can manage even that, tempersand anger will increase as frustration mounts, I don't know--perhaps more crime?
Young people being worse off than their parents.
yes young people growing up today will be worse off financially than their parents.
We have done to importing from China and other foreign countries and have destroyed the US slowly but surely.
Those who are the neediest may well not receive the services that they need. The long-term unemployed may never recover financially or emotionally from their loss of a job. More people will be underemployed. The impacts of the economic "downturn" are not being felt evenly across demographic groups.
porr people suffer from this, we have no money to begin with
i worrie about not being able to draw my social security when im able because im depending on it since ive allready paid it in all the years ive worked i hope loseing ground to china and india doesnt mean they will have control of the united states
I think the most negative effect is the unemployment rate and job security,I am afraid that myself or a family member could potentially lose their job.
People who want to work can't find jobs. People are losing their homes and homes are worth less than what is owed on them. Gas prices have sky-rocketed.
Government is too big, we need to give the states back rights to generate jobs.
The country will suffer the direct and indirect effects of less access to health care. Overall, I think it will deteriorate our well-being and our dignity. In addition, it will continue to exacerbate the financial dilemma of health care delivery.
The government's inability to work together is sad. Instead of blaming each other for someone else error. They should sit down and do thier job for the people of our nation... If we lose ground with other country, it is our politians fault. Every politian's error is to blame the President. I admire the President for putting up with such childish accusation from everyone... We voted for this people who only think of thier billfold and the limelight, instead of doing what they are getting paid for....
The downturn has cost me my income- real estate in Florida- and my son is out of a job and living with me. I know that Americans are innovative and we will find a way to come back from this. It has taught people to rely on each other more. We need to get back to making more items in the US to save this country and get us back to greatness. We need to make people more accountable if they are getting government funds ie welfare.
For myself and my family, intermittent unemployment, and the threat of longer term unemployment are the most likely negative effects. There is also a serious probability that my job will be moved to China at some point. This likelihood is increased by the current debt levels of the Government, which will quite likely seek to increase taxes and other expenses (Such as medical insurance) to my employer. This makes it even more likely that they will choose to relocate to another country to reduce their tax burden. The ripple effect of large numbers of situations like this will have negative effects on the Country as a whole by reducing tax revenues at a time when we need them even more.
Negative affects are the long lasting unemployment rates, americans will lose the benefits that were once provided to them and young people will be worse off financially then their parents were.
The country in the past twenty years have destroyed middle class jobs i.e. twenty to trity dollars an hour ones. Now half the country works for minium wage or slighty higer. Now there 's no one paying taxes.
The forecast of negative effect stated in the article are: high unemployment for about 5 years, possible reduction of government services, loss of economic status for the US compared to emerging Asian economies, and less wealth for the next generation.
I am disgusted with people that chose the easy way out, like walking away from a house that they can still afford, due to them thinking that it will help in the long run. Having to work more and never feel like you can ever get ahead.
The American dream is floundering. Americans are becoming more dependent on the government and loosing the spirit that built this country. We need to take control of ourselves and be less dependent on foreign countries and go back to producing goods and services produced in America.
Unemployment remains high while we ship jobs and money overseas to other countries. This is partialy due to the unmittigated greed of american business men, placing profits as any level above personal responsibility and person gain over the improvement of society as a whole.
i think the united states especially the goverment has forgotten all about god if they would pray and seek out godthe united states would prosper. it all started when they took prayer out of schools. people need to wake up and go back like our fore fathers.
I think that people, like myself, are going to find it harder and harder to provide their families with a comfortable lifestyle. Services related to health care are costing us more and more out of pocket. Social services are being cut and putting the most vulnerable at risk.
The economic downturn while surly bad is mainly of our own irresponsible behavior. While I personally have not be greatly effected I can see signs all around me. Cut back in departments at work, layoff due to the uncertainty on what new government regulation will be a burden in the coming years. Concern over how we will address the looming debt is also high on the list. Washington will end up doing the right thing in the end, when all other choices are taken away, and cut spending to only what they bring in.
The economic recession will have negative impacts on the coming work generation as many of them will not find work and they will be in worse financial positions than there parents have known. India and China are the next in line to create strong economies which will supplant US economic dominance.
Jobs are hard to come by and wages are pretty much stagnate. The cost of living continues to rise and the worst of this is that I feel like people are losing hope.
The worst effects of our finacial downturn, are things like the lack of cooperation of our politicians (specially republicans/tea party) in compromising for the good of our country; the blind greed of financial institutions & special groups in protecting -and even attempting to get more- give aways. The inability or desire of the public to be objective and believe what is truth (ie. global warming, giving more tax breaks to the rich won't produce jobs in America-somewhere else maybe, The president is an American citizen...). And the loss of faith in a better future, and in our own ability to get out of this situation.
We hit bottom in 2000. The .gov papered over it with the houseing bubble. There is nothing left to inflate.
It would seem that there is a fundamental shift. It will be astounding if we get a leader who can realize this and change the country to cope with it and not simply want power for 4-8 years. Leadership in this country has to change. There needs to be some dramatic changes if we are going to cope with the coming decades. We are a string and determined people full of resolve and determined to become better. It's time we stood up for some of the American values and drive that seems to have been lost over the last few years and reinvent our country.
I think this 24 hour new cycle make things worse.Everyday pelted with story after stories of whats wronge,how long it will last, and who's to blame.It just makes you feel abit over whelmed.I have family just barely getting by.
Acceptance of unemployment & some people not trying to find any type of job. College graduates not being able to find jobs in their field immediately after graduating.
The economy and employment situation is hurting many people and families.
Recent college graduates will suffer long term due to their inability to repay loans, establish independent households and invest for the future. This will having lasting repercussions on economic growth for the entire nation and global economy.
People who are out of work for extended periods may not only give up looking for a job, but while being sidelined their skills will deteriorate and they'll be virtually unemployable. Many employers won't consider hiring someone who has been out of work for extended periods. Paradoxically, the economy will not only be hamstrung by capital shortages but by shortages of people. The unemployement rate may drop due to people removing themselves from the job market, but there will be less labor available to produce the things that everyone needs.
i think young people today will have a hard life to live and will never make the money there parents made. they will be taxed burdened for life
Unemployment individual debt, debt placed on shoulders of next generation
The negativity in the media has people scared to continue to buy. The less demand the less productivity which means loss of employment . We need to come together as a country and figure out what needs to be done to correct the mistakes made in the previous years and move forward.
I agree it has been a problem for quite some time and will continue to be as long as we import from china and rely on other country's we are only hurting the USA we also need to not send out so much foreign aid we need to take care of are own country first other wise we are looking for a lot of problems in the future.
The taxes imposed on small businesses is stalling economic growth while the big corporations shift jobs overseas since they have no incentives to keep jobs here. Jobs and innovation are key for the country to exit this economic crisis.
Downturn came without a lot of people having the time to prepare for loss of social programs. Convergence of several different factors at once , e g, housing decline, jobs decline,quality of education, fraudulent lending, stricter lending guidelines, etc. has caused some US citizens to feel they have no where to turn in order to take care of their families, and give next generation a reasonable chance to prosper.
A lack of services and available employment will create a strain on government and private resources. The social safety net will not be able to support those that cannot find employment which could lead to increases in poverty and homelessness.
My biggest concern is what sort of job prospects will mu daughter have when she is old enough to work. While only 7 years old now, I worry that she will struggle to find a job in this area. I also worry about what the ecomomic downturn will do to my pension and my investments.
the economic downturn has negative effects on peoples need to feel like they are a contributing member of society. with there being people without jobs they feel stripped of their responsibility to sucessfully take care of their family. thus creating frustration and lower self esteem.
There will be fewer negative effects for me than for young people I know. We are retired and have a fixed income that is relatively safe from change. We do not have children so there are no direct negative effects there. We are affected more by the change in energy prices than in other aspects of the economic problems. We do have nieces and nephews who are having more trouble finding and keeping jobs than they did before.
i think things are going to get better just a matter of time
high unemployment, children making less than parents, other countries getting ahead of U.S. ,less services provided to americans
These negative effects are a result of poor planning from the generation of the 40's & 50's. We continued to grow and expand prices so quickly, that they became unsustainable. I think these effects will last a long time because companies realize they can get things accomplished now with fewer people/resources, so what's the incentive to hire them back?
I see people being laid off and not be able to provide for their families or themselves! Loans for college effects people of the United states because they are not easy to come by and then they are not able to get a good job and have more fear of being laid off!
well i have lost my job do to the way things are being done,but i belive where it is a will ,there is a way
The downturn will mean diminished opportunity for most Americans. It has the potential to lead to even more polarization in politics.
The economy will eventually come back around
The price of gas is constantly rising.health care and jobs are going down.People dont care anymore.
It effects the country as a whole now and into the future. We have already lost ground in our education system, which makes us less competitive. There is a bigger disparity with income than in past generations. The middle class is shrinking and has always been considered the backbone of our economic system.
Just because people are struggling don't mean the kind will to
i feel the economic downturn is a result of the goverment. we are spending way to much major chnge is needed
I think that the economic downturn is unsettling as it is allowing people who shouldn't be in power gain it. As a college student who relies on financial aid from the government, I am honestly afraid of those who are using the downturn as an excuse to cut services. Without an educated work force, America can not remain in the top ten economies, let alone the #1 economy.
I actually think the economic downturn will mhave primarily good effects. I feel the U.S. economy was on the wrong track before, going strongly, but without a firm foundation. I think the recession is an important correction to get us back on solid footing. But it will be tough, especially for the lower classes, who will find it difficult to find jobs or make ends meet. It's also going to be tough for middle class workers who have no truly useful skills. Many people have developed specialized skills in jobs and carerrs that really add no value to the economy. These people had no problem making money nwhen the economy was good, but now they will find their skills are not greatly needed.
I have no answer a this time. It's hard for me to keep a paraghraph in my mind, due a major head injury in the past.
My children are employed, but they aren't earning what they had hoped for after college. One of our children moved home because his pay makes it very difficult to pay rent. 5 years ago, my in-laws took a reverse mortgage, spent all of it plus maxed credit cards. They also had gone through a large inheritance. They are now in bankruptcy and want us to pay their huge property taxes. We have always been very frugal. We own our home, no mortgage. 15 years ago, my mother-in-law told me, "No one wants to live like you do." For the past 6 months we have bought their groceries, medications, and paid other bills. No more! 3 weeks ago, we learned they have twice the monthly income as us. We are angry and hurt! Some friends lost their jobs. Their pensions were in housing stocks. They moved in with their parents. My husband and I worry about Social Security and our pensions. We have additional savings, but we're not sure it will be enough if these aren't there.
My children will be worse off than me...
I definitely feel that young people growing up today are going to be worse off than their parents. I also see older people having to work longer and have less when they retire. I also feel that social security will not be around for anyone.
My 26 year old daughter has a BS in microbiology and is working in a pharmacy as a tech. She's going to dental hygenists school to learn a trade hoping she'll be able to get a better paying job. My 28 year old daughter works in a drug store. She has an AA and can't find a higher paying job with benefits. My two older daughters are set in their professions. My husband lost our home and rental properties in a wildfire. Those were the retirement income we planned for ourselves! Now we struggle with social security and medicare only!Can you imagine how WE feel when we hear about cuts?
Negative effects would be there won't be the same opportunities available to the younger generation as there was to the older generation. With more and more people losing jobs, there are more people out there with less responsibility for actions they make, which may cause an increase in crimes and violence.
The standard of living of Americans will be lowered. There will be a sense of low self esteem among the folks who are unable to find employment or have to rely on others for support.
I always think postive, eventually the economic will get better. I'm tired of people thinking negative.
More homelsss families. Continuation of Barack Oblama, a muslim loser.
thenegitive effects i see from the economic downturn is the possible loss of the us doller's use as standered currency
Although the economic downturn will not likely have a lasting effect on me, personally, I do feel unemployment is a huge problem, that is lasting much longer than is usual.
Everyone in my circle of friends has either lost their job, stopped looking, or given up hope of ever finding any.
The negative effects of the economic downturn are lack of employment, growing national debt and a society in which young people will grow up worse off than their parents.
I see my 401k decreasing as well as the value of my home. It's hard to feel positive about what is going on within the united states and other countries.
The US dream of owening your own home and raising a family may be at risk of going away. I expect unemployment to be in the 10% range for several years. I was born in 1932 and rember the hardships my family grew up through. I am the 7th of 8kids. I expect my retirement check to be cut by 10 to 20%, and my social sec. to be cut also. I hope I will not be a burden to my three grown children. I'm supporting my 45 year old step son now. I don't see any inprovement untill we change our present president and half of congress! I'm in my 80 year and don't expect much improvement during my life time.
unemployment will defently stay low and will impact our national debt and at the cost of those have worked for the benifits in thier old age. and our grand children will be poorer thaqn we ever were.
I agree with the above information. My husband retired, so we are already making less than we did before he retired. I am in education and have not had a raise in the last four years. With the economy the way it is, everything costing more and more each day and no increase in pay, things look very grim.
My children will be worse off as adults than they are now.
We need to stop sending aide to third world countries and cut off illegals benefits.
High gas prices and less services for myself. My daughter and grandchild will be worse off financially. I fell sorry for all the unemployed. I wonder if social security will be there and if there will ever be another cost of living raise in social security.
High unemployment and young people will be worse off than their parents.
The negative effects will be that our children will not be able to enjoy the fruits of their labor as much as their parents have.
Less of opportunity for high paid employment
The worst thing is that our kids will not be in a Better place than we are..
The government thinks they have the answers for everyone....and they don't. They try to give to too many countries and don't take care of their own first. They should stop being everyones go to. We need to be a little more selfish. Also, we need to stop the waste in Government and people that abuse the system need to be stopped.
Younger people growing up up today will be worse off than their parents.
We have had an almost unprecidented increase in our standard of living over the past 60 years. Unfortunately we overshoot somewhat during the last 10 to 15. I expect that we will retrench over the next 10 years or so to something more reasonable in terms of living standards. While painful to a degree, I think most of us can do with a bit less than what we have and still have a good life.
Persons who go without a job for a long period will have trouble returning to the job market. The sucess of the government creating jobs is at best poor.
People need to save money throughout the bad economy but continue to support local businesses otherwise the economy will stay in the hole longer.
In the long term scope of a global economy, young Americans (next gen) will realize that they are not entitled to anything and that they are competing on a global level, and that competition is tough.
Too many Americans take our country for granted. So many have had things handed to them that they have no sense of ambition or self-fulfilment. This county is very lazy.
So many people losing their homes is tragic, especially those with children. I guess I mostly worry about the children and people who have few resources due to limited capacities (mentally or physically challenges). Their services are being cut and they are not being given new opportunities. For those that are able there still are opportunities, but they may look very different. The people mot responsible for this downturn are those that are least affected.I do not think it is bad that people are relooking at their values and questioning if they really need so much "stuff".
retirement is a problem for most these days and being able to provide for your self will be very hard for most, i hope to see health care provided and not to egnor the handycapped and those unable to care for them self
Our kids are going to be worse off financially than we are and unemployment will stay high so it will be harder for those unemployed will have serious difficulty finding a job.
I don't see how my children are ever going to get a good secure job and live on their own.
spending to much money on buildings and schools that don't need the money also giving it away through lotteries
don't believe what you read. We just need the right leaders .
I think there will be a huge difference in the quality of my life due to the recent downturn in the economy. I have already begun to see how it has affected my own mother as after she retired, she was forced to find another job to sustain her life. A lot of her retirement savings were lost in the market and set her back a lot farther than she expected. For myself, I am having a difficult time trying to juggle work with school knowing that I have an alternative of taking out school loans but have very low hopes of finding a job any time after graduating. I've heard recent talk about expanding entrepreneurship but for myself personally I don't feel like I have the personality for it and would fail. I don't like the way our government handles the economy itself and I think there should be way more involvement of them when considering health care, recycling, FDA regulations, etc.
I think if we did not have to support every one that has ever held an office for the rest of thier lives, there would be plenty of money to stop this depression and greatly improve on the deficit. Put government on SSI and see how fast that gets fixed. I belive that 90% of government plays to those that contrbute and no longer for the people that elect them. Its no wonder the U.S.A. is going to hell.
Cost of everything will rise, fewer jobs and our grandkids not having the life there parents have had.
less oportunities, less education, lack of talents
There is to much bought outside the US. Everything that was written I agree with. To many American's have not learned to pay there way. I lot my job 2 1/2 years ago. I only took 6 months of unemployment and stopped collecting it. We have been debt free up until 3 months ago when we took out a partial car loan, paid for my son's private college and took a couple very expensive vacations. If we didn't pay off our credit cards every month we would be in the same boat so many others on in. We should all including the government spend the money we have not what we hope to have.
We're already seeing some of the results, and the amount of these reactions may increase. Less tolerance for others seen as 'different'; more complaints about 'foreigners' taking American jobs, and proliferation of even more hate groups and crimes, as reported by American Poverty Law Center....also I personally CANNOT believe or comprehend the stupidity of seemingly large number() of people following tea party (and other) political extremes who campaign on trite but cute slogans, but haven't a clue as to what it would or could actually take to straighten out our country again.. CUT TAXES, DECREASE SIZE OF GOVERNMENT, yet give us more of everything....
There economic downturn is so worrisome for a grad student like me that has only 2 semesters left. It creates apprehension about future job opportunities.
unemployement will remain high and underemployeement will become comon place and long lasting. extremes in both the major political parties will gain in strength and compromise on issues will become nearly inpossible.
Newt Gingrich has gotten his wish to make the US fail. Proving once again that Ronald Reagan's VooDoo economics doesn't work. 1% of our citizens control 80%of the wealth. 55% have only 1% - a worse record than Saudi Arabia.
Increasingly difficult to save for the future. Lack of confidence of having social security benefits. Costs of products will become so inflated that middle class Americans will become the working poor. Education will decline with more and more families unable to afford to send their children to college. With fewer people trained and educated, healthcare, industry, and technology advancements will decline.
The effects trickle down to you and me. From having a hard time getting job, to employers folding in there business, to other countries thinking were not as strong as we were.
The deminising of gain through true work and denile of property rights will move us to mass democacy formed and under mind by simple views of a everyman populous that never sees indivual advancment
off shoring of jobs that prevents americans from working which prevents and increase in our own economy
The american dollar will become or is being devalued. Eventually the US dollar will no longer be the world standard currency, at which point american economy will drop out to proportions not seen before even during depression. Timeline from depression era correlates with present economic downturn very closely.
If we just look at the negative that is all we will see. But there is always more than one side. I see a country that has in the past rallied and done things that were outstanding. I think that country still exists. There is bad all over the world. To say we have it worse is sticking our heads in the sand and believing what is told to us. We still have allot of good going on and even at this down point in history. We can still see that there are regions and countries that are worse off than ourselves.
Negative effects affecting the country as a whole are pessimism, negative attitudes and decrease in faith in our government.
There is no money to protect and provide for American people. Countries may stop giving us money because we can't prove that we can pay the money back. Money is being wasted and not enough is being spent by consumers to stimulate the economy.
The biggest negative in my mind is the learned dependence on others (government) to take care of and /or provide for the needs of its citizens. America has gone through many hard times in the past, and people have suffered and even died. But, people need to figure out ways to look after themselves. I know that any of us could need assistance from time to time, but it should never be a way of life!
it's all negative, it will not end until the Gov. stops trying to redistribute the wealth and allows the country to run itself without trying to micromanage and regulate everything.
The lack of opportunities and jobs will cause people my son's age to become disheartened and disconnected. Many have pursued higher education and taken on the costs involved, but face a future where there are no jobs in their fields or they over-qualified for a less-skilled job.There are also fewer opportunities or resources for education in fields where there are openings.
The USA was the place all people wanted to go to because they 'could make something of themselves'. I feel that is no longer the case. The economy has made people afraid,uncertain,and aimless with regard of what to do, where to go.
My husband is now unemployed. I an concerned about my job they have cut & cut my hours. Had to go apply for government assistance which don't set well with me or my spouse.
It is so very sad that we as a nation will and can suffer and the real fault lies directly in the hands of the politions and our president.
our children will suffer jobs will continue to be hard to find.
when people lose hope and are held down again and again they will strike out at everything and everyone,there will morecrime, anarchy and riots.
Rich getting richer poor getting poorer, nothing new here just moving at a little faster pace. The US has bin foolish to think it can stay in the top spot with an economy based mainly on consumption and not production.
More people will be out of work. Interest rates will be higher. We, as a country, may not be able to financially recover.
High unemployment, people losing homes, businesses failing, the disruptions that these things cause.
Our kids & grandkids are going to have to work harder to get less for a while & and they will end up having to break the cycle of living beyond their means. We have given our children a false sense of security. They will learn, I hope, to keep their collective eyea on the value of the dollar, and learn from a younger age, how to help in maintaining a proper checks & balances.
More people will be unemployed and not able to find work. Prices for products will go up and payrates for jobs will not
Not even close to the great depression. The national debt was created by the government. unemployment will not last that long as stated. china and India have a much higher standard for education then us.
this question is looking specificly for negative effects? OK. govt policy promotes inflation; maybe good for debtors like the govt, but very bad for wage earners and savers. in any recession a portion of the unemployed will become discouraged and fail to retrain or continue to seek employment. older semi-skilled workers are particularly susceptible to this; causing them to "retire" early and place an additional burden on the SSI program. would-be social engineers will demand larger and more comprehensive govt programs to support the indigent, leading to higher endemic unemployment, greater workplace regulation and slower economic growth leading to further demands for centralized economic planning.
The negative effects will be just those things that were listed. The high unemployment rate which affects many people and will continue to work its way into many others lives. Also the prediction that we will lose ground to foreign countries, those countries that we have lead in economic success for so many years.
The lose of economic position of the United States within the world. And the decline of the ability of the youth to have a better life in the future.
I feel the biggest negative impact is the impact to our children in terms of them trying to make a living. If we lose ground to China and India as an economic power will only increase the chances of our children not doing as well.
I feel the biggest negative effect from the economic downturn is the belief that unemployment will remain high for a 5 years. In the past few years, when the economy had a downturn, unemployment may have spike up, but went down with a recovery. It does not appear that there will be a recovery. Also, the fact that China and India are expected to overcome America from an economic standpoint is disturbing.
Loss of jobs, higher deficits, lower standards of living
People who have been receiving government handouts will begin to riot because their entitlements will decrease. Politicians are scared to death of this and because of that, are unwilling to do anything about our fiscal and economic problems.
I believe the negative effects of the economic downturn have been caused by the lack of financial regulations that the GOP slipped in years ago. The greed from Wall Street, the broken congress to attempt to compromise, and our new President who gets no cooperation from house/congress. The elections are all funded by corporations, the top 2% are running our country.
I have recently graduated college and was unemployed for 6 months. I am now underemployed earning less money than a fast food worker but working in my chosen field, science. My mother is out of work and is going back to school, my sister is graduating college in a few months and is looking for work as well. We are all paying for things using student loans, which is only increasing the financial burden that both my family and the US will have in the future. Money is a daily concern that my family encounters, but to be honest I feel the political situation in the US will have a longer lasting effect on both my family and the country. The republicans frighten and worry me far more than the economy does.
I've lost work because of all this.What's really irritating is some of this is caused by people like the president scaring people and makeing the markets go down by all the rhetoric. Negative talk and attitudes feeds this monster and makes it worse. People speculate and that's worsens the problem, we need positive leadership, not fear mongering!
I feel that it will be difficult for my children to find a job when they finish high school and college. I am also concerned that some senior citizens will suffer greatly if the economy worsens, especially low income, if prices continue to go up on things. I also fear jobs will go away for all Americans, and therefore more families will lose their homes. I think that if the economy continues to worsen people will have to move in together into one home to survive, because they will not be able to make house payments on their own.
We continue tosend our jobs and work to other countries that can make the product for less money, but the quality of that product usually suffers. Right now, I refuse to buy stuff made in China due to their lack of control of what the product is mad from. You can't put a price on my safety. It may cost more for a product made in the USA, but it is quality and also provides work for our own people. It is time to start thinking about the american people and not corporate profits.
Higher baseline of unemployment will make it more difficult for the poorly educated and uncommitted workers to provide for themselves. People's expectations in the US include being better off than their parents; not being able to meet that goal could lead to lifelong frustration.
A negative effect of the economic downturn is that businesses are closing so there are less jobs. People are afraid to retire becausse they have lost their 401K in the stock market so they need to continue to work. Since that is happening there are fewer and fewer job openings because older people are not retiring and companies are cutting back. Since the younger people can't find jobs they are still dependent on their parents and the parents can't retire because they don't have any retirement and to help their child. It is a vicious circle.
I feel it will affect a family's economic future and lifestyle for the long term.
Our factories are gone,our jobs have been outsourced and our country is moving to a socialistic communist government. We have resources abound but we cant drill for them. It seems to me special interest groups and liberalism is choking our country to a slow death.
The comments seem fatalistic, almost as if it were a fact of nature rather than something man can control. The aura of the article beclouds the human imagination to create a better world. I have lived long enough to have hope in my fellow human beings. Despite the claims made in the article, we will prevail and ultimately make things better.
The man we have in charge is nothing but a guy we all voted in but he just can't do the job.He has taken us away so far from the Ameracan Dream
loss of international power-other countries seeing us as weak. Dollar devalued so much higher prices.
IT WILL BE HARDER TO MAKE ENDS MEET MOVING FORWARD
As the "baby boomers" age the government provided services, such as medicare, medicaid, soc. sec. etc. may become unavailable and thier children will have to support them. But if thier children are struggling to make ends meet, this will become a big problem.
I think that the American people will make lemonade out of this lemon time. We survived the Great Depression and made things better for everyone, and we'll do that again. Things are difficult now for people without jobs, so we need to create jobs for the times and be a leader in renewable/green resources.
The government hasn't worked hard enough to resolve our issues and if they don't sacrifice themselves to help our country we will continue to hurt. We don't take vacations because we can't yet they take them and there are financial issues the country is facing while they "live it up"
We will all be responsible for more of the comforts we want. We and the gov't will have to make tough decisions on social programs and families will have a harder time sustaining it's standard of living. With high unemployment ALL aspects of life will be changing.
Obama and his adminstration is causing the down fall of our country. He is making the USA as a weak country, we need to keep jobs here.
Homelessness will increase. More people will be unable to feed themselves or their families, and with less government aid, will face starvation. Medical services will be at a premium. My children will not be able to go to college, or find good jobs. I will not have any retirement.
The effects are that the government will intrude more and more into peoples lives and businesses, they will claim in order to maintain existing and add more services the need to tax "the rich".
I think this article overemphasizes the negative impact. I have observed that no two economists agree on what will happen. In past downturns the same thing has happened where the sky would be falling in and then even the slightest upturn causes a complete turnaround of opinion. No one has any real idea what will happen in the future in any aspect of our daily lives. I prefer to think that our country will solve these problems like we have in the past. I lived through the 60's and 70's as a young person. If we made it through that horrible time, we can make it through this. People can adjust to any difficulty if they have some hope for it changing. That is what we should be concentrating on now and not the negative statements like this one. Furthermore, where I live things are not as bad as other areas. A person cannot believe what they hear coming from these political parties. They are trying to shape our views for their own benefit.
I think it is terrible that young people won't have the thought that they can do better. Hopefully the country as individuals and as government learn the lessons of self-reliance, livng within a budget, and control and regonizing needs vs wants. Unless they learn this the economy situation will not improve.
The cost of everything is rising yet seniors haven't had a cost of living raise in 3 years. Just who determines when we should get a raise, while congress continues to grant itself raises and perks.
Negative effects include my son, who lost his job over 2 years ago and has yet to find another. My savings account pays only .01 while my credit card company can charge me just about anything they want. My house isn't worth what it was a few years ago. I hope my children choose to remain childless so I won't have to worry about the future of my grandchildren.
The middle class is the taking the brunt of this economic down turn. Its hard enough for people to support their families.
the american pepole are goinng to suffer for what uore goverment has and gets away with oure taxes . they should be made to repaid ,exaple the crooks who busted the bubble with morgages , ex pres bush for using ssi monie for a war thats was a over kill .
The loss of jobs is a major issue for me. If people can't find work, then they can't provide for themselves or others. This can cause feelings of inadequacy and dispair which can manifest into depression, anxiety, and even fear. If the government can no longer help provide for these individuals then they might feel hopeless. I believe this might result in some people resorting to means that they wouldn't otherwise consider. I think the crime rate will increase nationwide and the number of suicides, murders, and assaults (i.e. violent crimes) will also rise.
I am looking for a new job and I found it could be hard to find something. I getting married soon and would like to get a house and a family but with every job they want college degree. I cant afford to pay for college and go into debt. It can be stressful at times.
Homelessness and chaos. People who work will be unable to sustain their debt payments and become displaced. Their work ethic and sense of community with family and friends will be their salvation. Those who expect government support will be enraged that it is removed because working people can no longer pay taxes. Politicians and their cronies will thrive. Our society will polarize.
unable to get a teaching job, i personally could miss out of the previous teaching benefits, retirement benefits, exc..
the effect on the future for our children
It's sad for our children but we will teach them to overcome!
The United States becoming more socialist. Loss of individual freedoms. My grandchildren's future.
Have the government take care of the people here and let the other countries take care of themselves.All the government is doing is spending money in the other places when they need to spend it at home. Bring all the military back to where they belong. Cut out all the benefits that are given to the ex-senatores and presidents and representatives. After they leave office. and take away all the perks that the present Presidents wife has with all the secretarys and such that she thinks she needs. One should be more than enough, and her traveling all over the world at taxpayers exspence, if definatly an expense that we don't need.
The negative effect is that the economic downturn will continue for at least 5 more years and we as a nation will no longer be able to provide what the American people need and will need to rely on other countries. Our children will be worse off then we are.
worry about the future, as well as job security. Americans need to feel more productive and have a more positive attitude.
i agree, this country needs to start taking care of our own people!quit giving money to other countries that never give back anything in return!bring our troops home,let them fight there own war.im a veteran not during war time,and was all for us going,but almost 10 years later and how many trillions spent.its time to stop our end of it!
VALUES. It goes back to hard work. Like in all aspects of life we have to realize that there is always a price. Too many people get something for nothing. Our values need to be prioritized. The people of China and India have worked hard. I believe easy successes and getting something for nothing brings a loss in values and integrity.
As a youngster growing up I had high hopes for the future and the ability to go as far as I chose to work for. Young people don't have that now with all the media downgrading the economy and therefore they will put forth less effort if they feel there is not much hope. Our country is being led by a group of "children" that don't care about our country.
I'm worried as local goverment employee that budget cuts may affect my employment, that so many other people, that dependent in any way on goverment help might not get it, that my son, who's going out to college in couple years might have difficult time searching for a job.
The negative effect is that jobs are being lose, and the economy is going down
loseing ground to India & China high unemploynent
well as i see it the people should impeach our goverment an all the compines that moved out of the states . the owners should be banned from the united statesbecause they are traitors
Due to the recent economic downturn, I believe that many people in America will experience financial difficulties that will affect every part of their lives, including, but not limited to, what they eat, if they eat, where they live, how & if they are educated and how strong their values are when they are faced with dire circumstances.
More and more people will be turning to drugs as a way of dealing with their future.
This is already affecting us right now. It is creating more debt to us because jobs are more scarce and we can't pay our bills
Jobs, with healthcare are going to be very hard to find
Loss of jobs leads to increased reliance on welfare programs for food , housing and especially health care. The government currently is not prepared for massive social needs as these. Congresss ius njot facing the need for a truly balanced budget
The negative economy will profoundly effect everyone in the country except the wealthy. The downturn will persist as long as radical right-wing politicians are in power.
The negative effects I see are decreased money for education and health care. As a senior citizen I expect that my grandchildren will have to work longer for less material benefits. Perhaps learning to do with less will benefit them by increasing their ability to delay gratification for things they want but cannot pay for with cash.
I think that Americans are focusing on material goods rather than the quality of life that can be achieved through helping others in their time of need. I think that fear is replacing compassion.
I do not believe that young people will be worse off financially than their parents. My family and I haven't really been affected by the recession. Most people in the area that I live haven't been affected either. We didn't have the housing bubble which I think helped insulate us from the recession.
High employment, America loses ground, Young people may be worse off than their parents
People will be out of work and desperate. I beleive the crime rate will increase and folks will start taking the law into thier own hands.
In my opinion, children today expect things to be handed to them on a silver platter. Children today have a sense of entitlement, which I do not believe was the case for previous generations. With the current economic situation, I fear children will expect their parents (like me) to use retirement money to help support them. In addition, the elderly are better taken care of by their younger generation children; but with the economic situation, I feel that the young generation will not help out their elderly family as much. I also think that today's generation should stop living off so much credit!!
The most negative effect of this situation is that the leaders of this country has no meaningful course of action to take when they continue to put their political beliefs first and the country's needs second. Seeing Congress' track record for the past 20 years is very depressing and I feel all hope for us to catch up with China, India or the rest of the world as unattainable. Actually, the rest of the world is not catching up to us; it is that we are sinking below them.
The negative effect is obviously people not having jobs at all or being stuck in underpaying jobs that they hate just to get by. It seems that employers are also taking advantage of the poor economy by expecting more and paying less.
Our down turn has been brought about somewhat by liberal thinking (Franks & Dole) ie giving morgages to folks who could not pay it back causing a bubble in R.E. prices.Then there was the leaving of Corp. America to other countries because of the high tax rates here. Then there is the illegals which our liberal (DEMS)goverment will not remove from our country. If we do not get rid of these liberals now we will be declaring bankrupcy for our country. Next we have to disallow kids born here by citizens of other countries from getting US citizenship. Next cut our Gov. at least 10% and lower there pay by at least 5%(10% over 125000). No gov sponsored Health care. There is a lot more but I get upset to easy
More people losing houses, jobs, assets. More people trying to go to school whilst unemployed. More suicide, homicide, genocide.
younger generation seeing that hard work is not worth it. country losing it drive to be the best
it will be terrible for children to be worse financially than there parents as many parents are not financially secure themselves.
The negatives are: unemployment, young people being worse off than parents, government not being able to provide services
Administrators want to get richer, while the working man does all the hard work. Nobody wants to live comfortably; everybody wants to be a millionaire.
It has certainly put quite a distance between the rich and not so rich in this country. It seems to me that there is much less sympathy for the plight of others and it is prevelant now that the economy is not good. The lack of caring, even among our representatives, is disgusting!
I don't think young generations think or care to much about what the financial concerns are in the country. There life is communications and interacting with on line friends. This is why we have a nation of followers and leaders are very few.
i worry about social security for the elderly
I will have to work longer before I can retire. I no longer live in a great nation. The future is lacking in promise. The barbarians are at the gate and the Geek shall inherit the Earth.
Inability to find employment has a terrible effect on self esteem,ability to move forward in you lifeand. It is reflected in your attitude towards your country.
With high unemployment rate and rising national debt, any economic growth will be limited. If the country continues to print money to resolve its financial problems, our money will become less in value and can buy less imported products.
My husband was with a job for years. Unemplyment ran out at times. Got highly into debt on credit cards because we had no other way to live. He finally got his old job back but we still have debt top pay down.
My biggest concern is that this negative predictions will cause people to lose hope and not 1 - open that business, 2- improve their education, 3- expand their markets, etc. The people who predict anything have a terrible track record. One cable analyst was telling people a particular stock was a great buy one day only to see the company get indicted the next day and their stock tumbled. Anyone who listened to this "expert" lost their shirt. I choose to look at this as an opportunity. I would encourage others to do the same. For retired people, such as myself, maybe it's time we give back to the country by mentoring youth, assisting government agencies without pay, etc. I see our governmental infrastructure, on a local/county level collapsing. We need to find a way to leverage the experience and expertise of those of us who have already made our careers so that these services are maintained. As a nation we need to express hope in the future and get rid of all the fear and negativity.
Obviously, the young will be more affected. Much of our problems have been caused by the failure of the two parties to get together for the benefit of the country. I feel that compromise is a 2 way street that a minority of one party has failed to understand. To me, the outsourcing of jobs has hurt greatly. We need to create jobs whereby young people with no desire or ability to get involved in services can get into the manufacture of products that are used on a daily basis.
I have been trying to find a job for a year and half. I still have no job and no call for and interview. If I would of went out looking about 4 years ago, I would of found a job.
I think Im not doing my daughter any good by constantly giving giving giving and not teaching her any responsibility in learning to be responsible and able to take care of herself. Especially if these are the conditions she will be facing when shes older
America is losing ground financially. The country is spending more that it makes and the debt keeps growing.
The negative effects of the ecomonic downturn on the US will be long-lasting. If care isn't taken with the banking industry and our government, the US will lose its superpower ststus.
high unemployment, lack of money, none of this affects me personally
unemployment and the national debt will cripple this county
I am concerned about myself having enough money to last me. I still have about 20-25 years left. I am concerned about my young family members going up in an unsettled economic situtation.
This article paints a gloomy forecast that i agree is in the near future. gone is the assumption that if i worked hard and paid into the government all my working years, that i would be able to retire and have a few nice years to relax and/or travel, let alone leave something behind to my family. Job security is gone. The value of my house decreases everyday. Not a pretty picture.
I think we will have to learn to make do with less than we think we need, but on the whole, I see change which is not negative, per se.
more social unrest as the gap between the rich and poor widens and the perception that the wealthy continue to prosper at the expense of the middle class and the poor; fewer young people going to college, particularly those on the lower end of the economic scale resulting in increased poverty rates; more delayed retirement; insufficient trained people to pick up the slack when the boomers retire.
Thge negative effects of the downturn will be that our children and grandchildren will be paying the national debt without the benefits that we see today as government will not be providing services.
I feel sorry for the people who have had much of their retirement savings wiped away with the fall of the stock market. Unemployment will be a lasting consequence of the govenment's allowance of maufacturers to move their factories out of the United States just so their profits could soar. We must bring back manufacturing jobs or else be a second-rate consumer country. Each decade for the last 50 years both Republican and Democratic presidents have allowed more and more manufacturers to say goodbye to our country. Our next generation seems all-encompassed by the internet and do not have skills to make, bake, sew, build or have pride in accomplishing the homemaking skills which are needed so badly. Our youngsters are being handed everything from Mommy and Daddy so why strain themselves.
More people will become homelessThe middle class,the elderly and the handicappedespecially will find it difficult to pay for medical help they need as well as food.Crime will increase Young people are apt to finf education and jobs hard to find
raising prices of healthcare,losing ground to china and india in world economics all because of cheap labor
I agree with the statement above but strongly feel that most of these problems were caused by greed and selfishness, particularly with politicians on both sides of the aisle. Many of our elected officials are there because they duped the "average" American and have no agenda other than furthering their own wealth.The United States has the ability to turn things around but not until we raise our collective consciousness. No country in history has remained a dominant world power. Citizens of all countries need to learn it is better for all of us to collectively better the conditions of all those who suffer no matter where they live. I have faith that the next two generations will be wiser and will stop the oppression of American corporations and embrace diversity, ridding us from the self centered, tunnel vision that we see in today's politics.
I have a very secure job, so I worry about the economics probably less than others. It must be very difficult for people who have lost their jobs. When people don't have income, they cannot live the lives they want to live and the can't spend money that would support others. As a country, I guess we'll have to tighten our belts and learn to live with less.
We have to work twice as hard as before, be happy that (if we have) a job, be happy for healthy family, but also , and most probably we will have to work much longer in our senior years as much into seventies before we can ease back and retire
My children and grandchildren will be the ones to suffer through this. We expect to be able to weather the worst of it. Lower expectations will be hard to swallow for those who have grown up with the expectation of continued plenty. Education will suffer as well as those who need it to prosper. Disadvantaged will not have many resources to fall back on...conversely those who have expected a free ride will be disappointed.
Economic quality of life for Americans will decrease. Younger people will have less chance of economic achievement equal to their parents.
grand kids may not go to college - no new car 4 awhile - less quality food 4 yhe table
unemployment and lack or no direction to move forward with decisions
Americans put themselves in this sitution. We have left our principals that our nation was founded on. We are to be one nation under God. Also Americans have been spending more than they make for a long time now. The economy has to fall. We are in the worse situation possible now with Obama trying to remove freedom in America. Also it is important that America never removes the 2nd amendment and banned guns. If this day ever happens we can wave good bye to America.
If more people continue to lose their job and no one can come up with a permanent solution for the economic homicide we are experiencing, I fear violent crimes with dramatically increase. The prisons are already bulging at the seams. I'm also thinking that the 'democracy' as we know it will be changed forever.
it appears to me that the young and old are the ones who will be the most affected by this
Thank you, George, for getting us into this mess. Someone had to pay for this meaningless war, and it had to be our hard working citizens, who today are still trying to make ends meet since this fiasco started in 2003. I respect our troops, it's our government I don't. Thank you, Barack, for doing nothing about this too. What happened to "change"? Oh, you meant change in a negative way? Now, I understand. Here's a little solution that's been pondering around your, and our, heads for sometime: "tax the wealthy!" Are you afraid too? It's because you won't tax those who make $200,000 a year that everything had to be cut: social security, medical, the list can go on and on. This is the "Great Recession" we live in now. If you don't like that one, how about this: "The Great Depression 2: Barack Boogaloo" This government better shape up and do what's right (which they probably won't) because suicide rates are up, up and up.
unempolyment,historic natl.debt.dependency on govt.to provide assistance,weakness of current administrtion to curb effects of other countries on u.s.'s soverignty,lack of leadership,high corp.tax{stiffeling job creation,too much regulatory intervention,liberals,progressives,socialists,loose morals,bad policies re:housing,finance,spending,etc.need i add more?
My most serious fear is the health issue. I can hardly afford my drugs now and there are thousands much worse off than I. I fear I won't get good medical care in and out of the hospital. I fear they will drain Social Security which I have paid into for years and I need to live in my present life style which does include working full time. I lost thousands in the Stock Market and fear it will get worse and wipe me out completely. But I cann't afford to put it all the bank as I need the dividends to supplement my waning salary...also my money is buying me less.
Standard of living will decline, high unemployment will result in increased crime. The already unmanageable national debt will continue to grow. More unqualified politicians promising hand outs will be elected, resulting in futher decline of the country.
I agree with the article. One world currency is on the way. We need a new president who will at least slow the inevitable.
Our pension is in the form of real estate which is pretty down right now. It is having an economic effect on my children now also.
my hours at work have been cut, my wife has been laid off, we migt loose our house
high unemployeement United States will lose ground young people will be worse off financially then their parents
I feel sorry for the children today and older people. I'm afraid of the future now because there will be no money and maybe no health care for everyone.
if we dont come together and accept the change in the u.s, that u can't shine all the time u must give someone else a chance,(race) if not it will affect your children
I think that people, especially the young may be discouraged and feel helpless and hopeless. Hopefully, though it can bring families together in a united front. And hopefully they will trust God more.
inflation and higher cost of goods making it hard for citizens to survive and save money.
Sure, it is/will be some difficult time for us regarding our economic status. The most negative effect close to me is people loose their jobs, following create more debt and loose their motivation for live. The situation makes people feeling of fear, This is the start of snowball effect.
that the young people will will have more finacial problems
more homelessness, worse medical care, children not being able to retire until a lot older
Increased crime. High degree of homelessness.
Negative effects are that our children will not be better off than us.
What is affecting me directly is the impact of budget cuts on education, as I am a teacher. My husband was recently laid off, and if I lose my teaching job, then we will have no income. This has added a great deal of stress to my life that was no there before. The country as a whole seems to be suffering the same type of stress---financial...making sure they can provide for their families.
Being elderly, I don't expect to live as long as is predicted for the country to hopefully overcome what is expected to occur regarding the economy. I am concerned for my children whom I raised to not spend every cent they have, but to save for the future. I expect that they have followed the example I have set for them.
There will only benegative effects if people can not compete by globel standards
Concered about elderly people on social security may not have enough to live on
I agree that economic downturn is going to remain like this for quiet some time. I have been looking for a job at just about everywhere even fast food places and no one seems to be hiring. Its only going to get worse about time my kids get to age that they can get a job. I hear of more and more places everyday laying off people are closing down there businesses due to not having enough funds or not making any money. Times have really gotten hard.
Since we no longer manufacture the things we need and rely on imports and we are so far behind in exports we need to try to export more. Also the rest of the world needs to contribute their share to the needs of other nations, we can't afford to pay the greatest share. Better schools for our children is another need.
The unemployment, the debt losing ground as Americas. It has been a sad time, for all of us.What will hapen?
Fortunetly both of my children are doing well do to the fact that they went to college and got jobs in their fields. Neither one have children. I have no idea how their children will do in the future.
As fedaral charities get discontinued to decrease spending, people reliant on these programs will need to find ways to cope without them. That may mean finding jobs that can support their needs, finding ways to support themselves financially, or saving to ensure their retirement is funded without relying on social security.
I THINK THIS COUNTRY WILL NEED TO RELEARN TO LIVE OFF THE LAND AND NOT HAVE ALL THESE PLAY TOYS THAT MONEY IS WASTED ON. LIKE IN THE PIONEER DAYS. NO GAS TO BUY AT HIGH PRICES,JUST FEED YOUR HORSE!
Limits our ability to enjoy our free time as much as we would. I can not interact with the lives of my grown children to the extent I desire.The reductions in defense spending results in a greater chance our enemies will believe we are weakening,and will take advantage. I do depend somewhat on Medicare and Social Security and my lifestyle would have to be reviewed!
iT IS GETTING HARDER AND HARDER FOR ONE TO ACHIEVE THE GOALS OF HAVING A HOME AND A GOOD JOB. oUR CHILDREN AND GRANDCHILDREN WILL SURELY SUFFER
If we had a decent leadership in the White House that would make a HUGE difference or somebody that cared about AMERICA!!! The next generation(s) will pay dearly for our economic mistakes.
I think the biggest negative impact will be felt by people who do/have relied too much on the governement for support since many of the social programs are likely to be cut. These cuts will be especially hard on older or disabled people who have no alternative. I also think many people who are close to retirement age and lost a lot in the recent stock market loses will be negatively impacted either by not being able to retire at the age or with monetary stability they planned. The down turn will also be hard on those who want to work but are unable to find employment, and as an extension on their families.
The main effect is that the economy is so bad that basically the future generations will be worse off than their parents
I think the young people growing up today will really have it hard.Kids today don,t care about anything.They don,t really care.They don,t know what hard work is.They need to know that no one is just going to give you something.
State, federal, and municipal governments budget cuts make me concerned about child welfare and race relations. In Michigan, welfare recipients will be ineligible for benefits after 48 months, and anyone already on the social service payroll for more than 5 years will be cut on October 1, 2011. How will these people live, eat, stay warm, and feed their families? I thought "motel children" represented the bottom of the barrel, but with these "new" priorities established and embraced by wealthy politicians, our children don't stand a chance. Unemployment and rising costs of living continue to add to the stress between whites and blacks, whites and Latinos, and whites and immigrants. In my family, I've been taught that "poor whites" prefer to support the rich Republicans who are biased against blacks, so that blacks don't get jobs or housing that "poor whites" think they deserve. Interesting, blacks are put into an "entitlement" category when, in fact, the label is misplaced.
owed too much to other countries. need to stand up for ourselves
Jobs will be harder to get and the government will not be helping those who may need help. We may find that jobs will be outsourced as well.
Less money for needed government programs and services, politicians using fear of future to lie to voters (promises/opponent's record), willful distortion of facts to achieve personal political agenda regardless of negative effect on the nation, hopelessness eroding self-reliance to solve problems, entire TV network devoted to tearing down our political leaders using lies and distortions of factual data and events
the economic condition that this country has put itsself into is shameful. I feel badly for the young people today and the mess we will be leaving them to dig themselves out of.
The unemployment rate, young people not financially well off as thier parents when they started thier life. The radicalism of American Politics.
I see the biggest problem being the lack of educating our children to a higher standard than our present system affords. We will never gain back our world status unless we do a better job of training our young people for a global economy. I think the downturn has exposed a virolent minority in our society that does not understand ( or more likely isn't educated enough to understand) the funtion of a democratic government. This minority has had a detrimental effect on the political success of solving our economic problems.
Our ever increasing debt will be an ever increasing burden on future generations.
prestege currency values and lower standard of living
The negative effects the economic conditions have on the country as a whole is that people are struggling financially to make ends meet and have lost jobs, homes and are not able to care for themselves or their families.
I think they should stop giving out welfare to people who are unwilling to work.
Unemployment remaining high for another 5 years is AWFUL. It affects me in getting work. It affects others in getting work. It affects our economy. Full employment is the engine that drives the train in the USA. It allows people to consume. It keeps taxes lower. It is SUPER IMPORTANT. When I read that the Nat'l debt threatens the ability of the gov't to provide "services" that people expect, I think "so what?!" People are too dependent on gov't anyway. We need to be more self-sufficient. We need to depend less on the Nanny State to take care of us!
We are showing the loss of confidence and weakness within the U.S.
we have been losing ground to China, India on many fronts, e.g. education, technology, etc. The national debt and out of control spending is just going to accelerate the decline of our country. Frankly, I'm glad I never had children. At least, I don't have to think about what they and future generations would inherit. The future looks pretty grim to me.
The negative effect of the economic downturn is that it is going to effect our children's futures.
job loss, plummeting real estate values, loss of investment money. Due to the economic downturn, I personally lost a job, and had many people close to me also lose jobs. But more broadly, I think the entire global economy will never be the same; the US is losing its spot as the #1 global power and Americans will have to adjust.
The consequences of the recession are long term. Many will continue to be unemployed. The federal govt will not be able to provide the same level of services. We will lose our global leadership role. Our children's and grandchildren's future is at risk.
The negative effects of the economic downturn is the result of the various branches of government, poorly utilizing our countries money. Therefore, putting literally everyone at risk, in most case, at high risk of losing their jobs, taking a pay-cut, cutting their social security benefits, or even losing their social security benefits altogether in time. Cutting costs across the board is certainly going to put our country in a chaotic mess and eventually, will cause the breakdown and collapse of our country, the United States of America. In the end, who is going to help us?!
In my point of view The United States is trying its best, but its also effecting the people many way such as new laws. I say the main problem is more people less recource around the globe. History repeats its self.
-unemployment is likely to remain high over the next five yrs. -the defecit causes cuts in needed services to Americans, while also stilting progress made toward socialized medicine that we so sorely need -US lost AAA rating and thus takes a hit to other nations that are "up and coming" -younger generations will grow up worse off than their parents.
Loss of jobs. Homelessness. Hunger. Loss of self worth.
I think that people who have been unemployed for a long time, through no fault of their own, have suffered greatly during this. Many companies won't consider interviewing the Long-Term Unemployed for their job openings, when I think most of those people would be VERY hard workers and EXTREMELY loyal. Many of the people who didn't lose their jobs during this time - just by good luck -- seem to be wholly oblivious to this suffering. People who had no job during this time will probably be EXTREMELY thrifty for the rest of their lives, like those who lived through the Great Depression. I know someone who didn't lose her job (she's a nurse), and she spends lots of money on totally useless things. She has no clue whatsoever. I think the country has been split into 2 different groups during this time. I definitely think that those who are growing up now will be far less financially secure than their parents...it seems to be getting worse with each generation since the 1960s.
everyone needs to be more thrifty and thoughtfull about their spending at the local and national level way to much wast takes at all levels. And whay we sending so much money over seas when their is so much need in our owen country.
The negative effects of the economy hurts the pockets. It puts a hurting on the family when the major bread winner cannot take things thru the month. It causes depression in more than just the head of households. It has a trickle down effect on the whole entire family. It makes others lose out on more than what we are use to doing or having. And that in turn takes a hold of your health & without good health what do you have???
everything costs so much more and salaries have not kept up
unemployment rate increases, crime rate increases...
uncertainty about employment continuing, availability of Soc. Sec. benefits, greater demands on social programs.
The high unemployment rates combined with a huge national debt can produce a defeatist attitude. Young people will have to work harder to make a decent living.
Insecurity in the future is the worst thing I have seen. My friends and I don't feel financially secure. We are not sure if we can compete in today's market or if there will be jobs available to us.
I am not sure, but i am afraid for our young people. I hope things will turn around.
Personally, the economic downturn has affected my family financially. I feel overall my family will experience not being able to afford and pay for their homes.
Republicans are so eager to get rid of Obama they are trying to blame the recession on him while blocking all attempts he and Democrats make to improve the situation, so they can blame the lack of improvement on Obama. They're making the recession worse and their actions are the worst thing about the recession, and it is hurting the nation and our future.
Every generation certainly has its challenges - today is no exception. Americans' choices have determined the consequences they face, for better or worse. We've been living on borrowed time for a long while and perhaps some rough road will help people make better choices in the future. You can't live beyond your means forever, at some point reality must be faced.
alot of people will be out of work and lose their jobs, their homes, depression will become wild, we as americans will lose respect from other countries and in ourselves.we may become lazt.
more sacrifices-less opportunities to do what u want to do
I think that the economic downturn is being used to bring as an excuse to bring socialism to the US.
congress needs to stop all unnessary spending
The United States should stop helping all foreign countries. No more foreign aid and no more fighting their wars. Keep all work here in this country. No more foreign cheap labor.
The negative effects that stand out to me are the US losing ground to other countries and unemployment remaining high for the next half decade. The latter directly effects me and those around me greatly. I am at the age of beginning my career and the unemployment makes it difficult for me to find a job.
children likely will not have the same opportunities and advantages growing up as I did
Thrt are no jobs for our young people, espeially those graduating from higher education. Some even turn to sellibg drugs to make a living. The rich are greedy and want more. This is causing our government to cause a loss of respet by the common people. Young people don't even want to vote because they feel it doesn't make any difference who you vote for. They are all dishonest.
loss of jobs stale stockmarket increased debt
high unemployment. costlier goods. low dividend rates. costlier services (health insurance, etc.) cuts to medicare. number of "poor" citizens rising.
Lowered self esteem, lack of financial responsibility.
Home ownership will decrease and the quality of life for people in general will decline. The USA will lose its position in the world as a powerful, innovative and caring nation. In addition, criminal activities will likely increase and the physical health of the nation's citizens will deteriorate.
I think that with the government weakened and the budget so out of balance, education has and will continue to suffer. This is what has put our children behind. This is going to have a cascade effect. American companies are looking for skilled workers or those with technical training. American workers just don't have that any more.
Negative effects are high unemployment and young people may be worse off financially than their parents.
The national debt will cause the people in the USA to struggle to live there lives with less jobs out there for people to work at, a lower quality of life. Leaving the country in fare worse conditions in the eyes of the rest of the world than we have ever seen in our history as a nation. With a weekend useless governing body that fail to make good decisions for our nation.
Young people find it very discouraging when the are unable find work. We need to stop educating all these people that come to our Country for an education, then either stay here or take the knowledge home to there country and we outsource work to them.
The latest debacle has given China what it has waited for for years....opportunity. At some point we won't be speaking Spanish but will be speaking Chinese as they will be the governing body.
I think anyone making over a million five million and 10 million should pay more taxes and everybody in congress should take a cut in pay
our children not having what they want or being worse off then there parents. My husband was laid off for the better part of a year and just been back this summer and I would hate to see that he gets laid off again and his company has already started to lay people off he has worked there 32 years and with in 4 years of retirement to start over some where else. also my son lost his teaching job with the cut backs and is now a truck driver just to feed his family but is away from them most of the time trucking so that is not good for his kids not to have there dad there for them. also I am a LPN and the place I work at took all the LPN s out of the area I was in and replaced us with TMA and we had to pick up any hours that was left in the health care wing and that dropped me down from full time to less then part time. So we cant ever help our kids if they did need it for any reason.
Young people growing up today will be worse off financially than their parents because times are harder.
Concerned about the unemployment. No brainer if the government is allowing jobs to be taken away from the US to other countries and so many have come into the US to work no wonder we our loosing the economical battle and that the government should have their own cuts within the offices. This unemployment has just hit our household and believe me it is not easy. And you do get upset with the government who still spends friverlessly and does not change. A follower is only as good as his leader leads him.
Wide unemployment. The Congress & Administration's inability &/or unwillingness to deal w deficits causes negative attitudes among the populace. We never hear of Congress willingness to share the peoples' burdens by taking pay cuts or making any other sacrifice. We can look back to France's situation in the 1780s for a comparison. The people finally revolted.
I've worked hard, was determined to make a stable future for myself and my family and feel that the government has screwed me over in realizing that dream. We are a strong people, but those who want "power" over us handicap us from moving forward to achieve it
Wiyhout jobs the gap between the poor and rich will get wider. The middle class will be wiped out.
Credit card debit is skyrocketing and causing people stress and depression.
It will be harder to buy food and the basic necessities.
It will put the country in a bad position and probably lead to more crime as people can't find work.
Higher unemployment Less funding for public education leading to less classroom support for students and teachers, less support to meet federal mandates, and lower salaries Increased national debt due to ineffective stimulus and excess spending
Reading the article may discourage some people from looking hard for a job.
What impacts my family the most in this economic downturn is the difficulty faced in obtaining home mortgages/home equity loans.
Be for we can do anything, this country need to take a step back and take a look at our own country and fix the Great Depression and unemployment line so we can more onto do other things.....
I think that our children or young people are certainly going to have a more difficult time financially in the future. I think good jobs will be difficult to get and that basic items such as food and housing will be to expensive for them.
Not being able to afford many things including education, vacations, retirerment, health care and in some cases the basics of life such as food.
the goverment is not trying to solving the ploblem they are only thinking how they can help there party
I abree with the economists about the downturn in the U.S. and it's long-lasting effects about unemployment, housing, etc. However, I feel that there is also lots of greed with the upper class very wealthy people who could help more and I also feel that there's too many extremists in the present Congress who are tipping the scale not to the betterment of the U.S. citizens, even to those who voted for them. I also feel that the loaning and banking industries and other financial type industries could help more than they have, but then again, there's that five-letter word again . . . GREED.
I have a feeling of hopelessness in what I can do for the direction this country is going. Government has gotten too big & corrupt for anyone to reverse the direction of the demise of this country.
The public will not be able to rely on the government to provide services that they are accustomed to receiving and feel entitled to.
this is a combination of lack of moral values and not teaching frugality. Americans are brainwashed to have the latest and greatest tangible things and now we are paying for it.
I think things will get alot worse before they get better.I collect ssdi788.39 a month i have not gotten a raise in two years,every year they cut back $10.00 on my food stamps then send me a letter stating its because the economy is getting better.
December 2009 my husband lost his job it was devistating he was so upset. He was out for 6 month but we survived and tightened our belts. I see so much more violence, robberies, burgluries people are desperate. before my husband lost his job I would feel sorry for these people but now I was in their shoes but never stooped to their level to steal from others.
Decline in material quality of life. A zombie economy that creates "haves" and "have nots" creating London-like anarchy. Rise in sectarianism, racial tension/conflict. Chaos located principally in large urban areas. Politics continue to polarize and pandering to special interests. Political decisions not made in America's best interest, but rather partisan success. Entitlements bankrupt country... China stops buying our debt and we revisit the great depression. Deep and enduring unemployment brings out the best and worst of the nation.
The negative effects this could have on me and my friends are: we could lose our jobs and not be able to find other jobs that have comparable salary or benefits; Social Security will not be able to support us when we retire.
Our sense of values has been warped badly. Look at what we play sports figures and CEOs of companies that make "stuff" compared to doctors, nurses, EMTS, teachers, police, firemen, you name it.
people are losing respect for the government. how can we get well if we allow our companies to move to mexico? special intrest why?? I dont believe our leaders care about the people who put them in office.HISTORY,wannabes FAIL.are we the worlds policeman or the next germany???
I personally do not operate in the "World's" system. But for people in the "world", this will probably happen.
not a lot of jobs available, foreclosures on the rise
We let the negative ideas creap into all thinking. If we are more positive, things will change
People will lose confidence in the United States if they continue to hear negative reports about the economistic downturn. We are to remain loyal in our thinking of our country and prayi for it that the economy may turn around.
This article tends to dwell on all the negative effects of our present situation. No mention is made of any postive aspects that are present. True, our present economic situation is not as good as it should be, but there are bright spots. There are companies that are expanding and hiring more employees, new companies are starting up. Maybe not as many as we would like to see and unemployment remains high, but that shouldn't be used to completely discourage our young people entering the job market. There are still jobs to be had, some are not high paying jobs, but everyone has to start somewhere.
I am 72. My children have not done as well as we did, and I fear that my grandchildren will fare even worse. Education costs go higher and higher, medical costs are ridiculous, and job security is a thing of the past. The national debt is a national disgrace. Mismanagement of entitlements has compromised the future of those are now paying for my Social Security check. The US has already lost ground to foreign countries.
My children will have it harder than I am experiencing and that is a sad reality. It will be more difficult to own homes and be debt free.
I can't see anything but negative effects from the economic downturn. Less jobs mean more homeless and hungry Americans. That's a negative that will affect not only those without jobs and homes, but can lead to less safety for the employed with homes. I can see the crime rate excelerating as the have nots take what they can't earn. I can see hopelessness multiplying. Even people with jobs that don't pay more than the minimum wage (service industry often need a little help with food and utilities. With government cutbacks for those services, where will they turn? There are already hungry children in America. As we fall into the third world country category (and I can see this happening), will we have starving children, rampant illness, unnecesary deaths and anarchy? Those would definately be negative effects.
Unemployment leads to so many other bad situations. I would hate to think people will get to the point of not being proud to be Americans.
My children have gone to college, but they don't have the same level of financial freedom that my husband and I had at the same (mid 20's - early 30's). And they have to work twice as hard.
Our children being worse off financially than us.
The economic downturn effects the standard of living for the country. People don't have as much money in their pockets due to companies cutting back on pay/hours/benefits in order to survive the slow business market.
Should have gone to to USC Marshall School of Business. You wouldn't be using my tax dollars for some worthless survey funded by Homeland Security, which is a joke and should disbanded.
Negative effects are that unemployent will lst for another half-decade, the government cannot provide as much services as needed, and that young people today will be worse off than their parents.
Hurting our children financially. The unemployment threat.
i thinknits going to be a roller-coaster ride with the economy and the government for to many reasons to mention-some things may be better,but some will not---a long battle between the congress and senators--plus the tea party---to many negatives to make positive,no one wants to give or agree etc
Some children growing up with less feeling of security in the immediate and for their long-term future. However, I think this "doom and gloom" perspective overstates the case.
more people out of work, suicides increase. more businesses shut down.
it is not good for our retirement income, we will not be as well off as as we had hoped. Our kids will have to work longer to even be able to retire at all any where near their retirement time.
Unemployment will have a negative effect on crime
The negative effects on my family is the possibility to be homeless. We already live pay check to pay check.
Some of the negative effects be that poor people will just have more lack than than they already have.They will have more decisions to make like whether they they want to eat or have money to buy medicines.Of course the rich people won't care so that just makes it worse.
if the downturn does contiue for 5 years it may lead to some people killing themself
the fact that these united states of america, has come to the point of a downturn worse than the great depression, unemployment with no resonable recovery expected, financial help to the elderly, disabled and economically challanged almost assurederly threathened, as well as our being the best country in the world, no longer being true, and no hope for our youth to look forward to a properous future, is the saddest and something that this country should definitely be ashamed of. they should do whatever is necessary, no matter how hard to make this the country what it once was. it was the best country in the whole world. make us all proud americans once again.
My husband and I will have to work longer before we can retire, and may have to make due with less when we do retire. Our children will have a struggle finding jobs after college and most likely will also struggle to pay off student loans.
People will have many fewer options available to them (where to live, who to work for, what line of work to undertake, and so forth), just when. We have all come to expect great personal control over our own lives. we will have to give up some dreams, learn to be content with less, and find ways to provide for unmet needs of friends, family, and strangers. I think we will live with feelings of great insecurity for many years to come.
The unemployment will continue to be an issue for many years. The idea that things will become better scares me with the huge debt that government has bestowed onto the youth for generations and the effect it will have on them. It seems that the rich continue to prosper while the rest of us are left to wonder how it will turn around to help us.
The government will lose the ability to provide services we, as Americans, all depend on. Employment and education will probably reach an all time low.
with young people being financialy worse off than their parents, young people will be forced to work for less money just to get a job. Unionism will flourish and employers will be forced to seek higher profit enterprises to satisfy the wage needs of it's employees and earnings for it's shareholders.
the company i work seems to be doing fairly good in this economy.the negative impact on me hasnot been bad except for things i cannot change.
I to often hear and see people who are experiancing the worst period of their lives. Personal debt is seemingly at an all time high.Companies and the government will not hire due to low credit scores when in fact both have deep credit problems. I am concern for my child and question my ability to support her in these times. I have no idea what the end game is for all of this. Companies are laying off so many people while CEO"s salaries are at an all time high. The country is out sourcing labor and educating and hireing from abroad.
I think mainly for the youth today if you donot come from a family of wealth you may have a hard time getting a good education
The national security of the US is severely threatened by the economic downturn. It is not just the loss of money or financial status. Many of the services that Americans depend on are entitlements that they are afraid they cannot live without. It is the fear that grips people, that makes them suspicious and obsessed with finding someone or something to blame. Huge is the sense that the average citizen is helpless. Some people releae their frustration in acts of violence, most fill their time and thoughts seeking someone to blame. When a nation falls on hard times it can come together to attack the problem, or it's people can divide into numerous camps whose major purpose is to point fingers at everybody else for their troubles. Our economic challenges are going to reveal what kind of country we really are and that's scary.
my husband has been out of work for more than 1 and half years. things are bad already.
I think economy will not be better at all. I also think that US gov will cut a lot more services, like medicaid or Social Security. Or even help young people for education.
I think this article is probably very accurate. People planning to retire in the near future will not have the retirement they thought they would have. Those who have lost their jobs and homes will never be able to recoup financially and sadly our country will not remain as great a world leader. We are already falling behind in education and healthcare.
I am glad that I do not have to think about the consequences for me personally. I am retired and have an excellent retirement pension. I do feel bad for my children and grandchildren.
The United States to make the economy better for the people today and for our children of the future.
One negative effect would be stress upon families trying to maintain a familiar lifestyle, and having to learn to do without. Kids don't often see the connection of it all, and continue to want-want-want. Others will be stressing just to keep the homes they own, as gas, food, taxes, and the normal cost of living are totally becoming out of control.
Hard to obtain a job; no welfare, social security, etc.; financially worse than parents?!
I agree. Like many others, I have not worked for a couple of years & am without any health insurance. For some people the is an eventual death sentence, literally. Many have lost their homes to foreclosure due to the greed of the banks & mismanagement of Ferderal programs that were designed to help these people. I believe in Pres. Obama. I blame the greed of big money, especially Big Oil, large corporations, currupt super-rich Americans like the 2 brothers behind the Tea Party cult & Grover Norquist & the politicians who have signed Norquist's no-new-tax-pledge. These and many other of our elected government so-called representatives are bought & paid for by the aforementioned greedy parties. Our citizens must wake up & vote the incumbent professional politicians out & become more aware of what we are allowing the Big Money Power to do us!!! The Middle Class in America is becoming extinct & growing poorer & more impoverished & powerless!!!!
The high unemployment coupled with the reduced earning power of americans will cause a higher crime rate and more civil disorder. People will feel that the goverment is powerless and that the goverment is not wayching out for their intersets.
unemployment Other countries will take over kids won't be financially stable
People will continue to rely on others, thinking they deserve what others have. Instead they should have focused on what they were given as a child - education. They should be using that education now to learn how to support themselves instead of relying on government handouts provided by stealing from the rich.
There are many problems that will arise. However, instead of thinking about what the future will be we should focus on what we can do to change that future. We need to re-evaluate some programs and get rid of fraud. People selling teir food stamps or cards for money to buy drugs should immediately cutoff. My Social Security may be reduced and I wont like it but I will manage somehow. But there will be people out there that can work but will be paid not to work. There is not enough time to finish but we must all sacrifice. But to ask and demand that those who contribute to the system to contribute more while letting some who can contribute but continue to rely on entitlements is wrong and is the wrong path.
Today's young people will not be able to continue living in the lifestyle that they have been accustom to by their parents
This is going to be tough on my children. They don't have the job security that we had.Companies don't give their employees benefits that we had when we were working or good retirement plans.
less jobs, higher prices, unsecured futures for our children.
The national debt will cause all in the country to have to make choices that many generations never have had to make. The costs of basics (food, clothing, medicine, education, etc) are all increasing rapidly and forcing these decisions. The value of the dollar will continue to decline, allowing other countries more purchasing power to continue to overcome the US leadership in the world.
The negative effect of a downturn economy is not being able to provide and make jobs to make the economy stronger also social security and disability benefits which everyone needs when they're older we won't have.
The economic state of our country will not get for at least half a decade. It will have long lasting negative effect on the generations to arise.
us will loose ground to foreign countries. children will be poorer than parents
average person will lose ground, the rich can continue to dictate "it's all about me" attitude.
The people of United States should come a head of all others
Our country is in terrible hands and we need more fiscally responsible people in office. I am scared for myself, my children and all in this country. Hard work is a value we used to have but it seems to be less important.
higher unemployment, slowed economic growth, housing market stays below normal.
Agreed, things are bad....the politicians in this country need to stop bickering and work toward a common goal. Gov't needs to stop wasting money on wars and bring the troops home.
I think there is cause for really thinking hard and long of this situation in the US! People will not be able to live! Any help from government like Social Security being stopped will kill the alderly! Young people are so spoiled now with everything at their disposal. Being financially straped those could turn to crime!
people being more depressed and not very caring to others
The negative effects are: medicare and medicade programs are cut. Unions that have served individuals with no voice to have a voice, are being taken away. The downturn of the economy is used to take away many programs that help the poor and the middle class. Some of the problems are being used to make President Obama look ineffective (which he is not). M. Stokes
Politicians might possibly try to pass laws with more control over Americans limiting personal responsibility and independent choices.
Not only loss of jobs but the lack to be able to get any jobs. The poverty rate going up.
I have recently lost my federal government job due to cut backs so I am personally feeling the effect of the economic downturn.
we the people have to stick together if we want this to work for all people involed.
This economy has made it hard to survive. Jobs are scarce and the cost of food, gas and living keeps rising. The unemployment rate hasn't gotten better and our country still gives trillions of dollars to help other countries, while our own country is suffering significantly.
I think the United States is in very bad shape, as we have been loosing all of our jobs to other countries. We may never rebound from this unless we make some very big changes.
People will go where the jobs are. If there's no work in the U.S. then people will either go to other countries to seek employment or they will stay here and milk the system to ride out the storm.
Blame the Congress for most of our problems. Politicans have forgoten the average american. Fear has been put in place to drag down our country. Big business will not hire because the republicans in Congress hate Obama. Their intent is to destroy everything positive to bring down the economy. The blame will be on the democrats and Obama. Until the American people awake and see what the idiots are doing, we will see very little change. The global economy looks and depends on choices that the American Congress and business make.
Most will do anything to survive and possibly forget their goals, consequently creating lower incomes and loss of potential entrepeneurs.
no work available for young people,not being able to live alone,and having to stay with parents
The negative effects of the economic downturn surely include high unemployment rates and under-employment for many, I believe. I also feel it will create an advantage to countries like China and India in the world market.
- less job opportunties; - less likely to list my apartment for sale; - businesses closing which leads to less competition; - drive less
true the economy and the world is falling apart
I see crime, lack of education, or lesser levels of education as a major negative effect. I also see more and more AMERICANS falling back on the govt to sustain them.
If the economic downturn continues, more and more children will grow up in poverty, limiting their chances for higher education, better paying jobs, etc. Men and women will enter the work force at younger and younger ages in order to help support their homes, and increasing numbers of kids will likely drop out of high school. In addition, less education will likely add to higher incidents of teenage pregnancy, thus completing the circle of permanent poverty.
We wouldnt have negative effects if we would get government out of business and let them expand without all the requlations. We wouldnt have a national debt if the government would stop spending and giving away benifits to people that dont need it. We are a nanny state.
our loss as the number one country in the world
The loss of jobs and home ownership are negitive.The devalueation of housing is the major financial problem.
It is sad to see property values being low and unemployment continuing. I have 4 sons. One has graduated from college so far and is not able to get a job that uses any of his education! He is still working as a landscaper, as he has since high school. This has influenced my other sons to either quit school or no start college. 2 of them are working odd jobs where they can, but are not able to support themselves.
MY foremost feeling is that my 2 grand-children will spend their lives living in a far different and not as positive a world as the one I have enjoyed.
i think that if the president would have staed out of it the financial problem woud be improving
Disruption in retirement plans for seniors; lack of employment for many; too much unnecessary spending by the government on ineffective programs; attempts by the government to create further dependance on the government; potential increase in taxes to pay for unnecessary spending; loss of individual savings; uncertanty/anxiety about the future by some.
im more worried about my grandchildren and great grandchildren than i am for myself the way everyhing is today
americans are going to get acustom to high prices for everything. things are not going to grt any less.
The debt debate has sadly become a political topic where leaders are more interested in political clout than in making the tough decisions that will lead us out of this mess. I'm very responsible with my finances but I think we will see the middle class almost vanish - there will be the very well to do and the very poor.
people that are comiming into this country from certain islands and countries,by the help of religious orginisations are expeting way toomuch with out hard work,like people like me and people inthe past.
Not having more jobs available for people is a real concern.
Homes are being abandoned and property values have decreased dramatically. There are not as many lower income jobs available.
The effect that it has on our older adults that have worked all their lives and now can't have a nice retirement because the government keeps taking away from them.
I know that a depression is devasting to a county in job loss, availability of food, clothing and basic necessities. But we survied the Great Depression and can survive this economic down turn. We can't depend on the government to provide for us we have to depend on our God and ourselves. We are a country of survivers and we will find a way to turn this around.
it is going to be harder to make a living for a long time. the goverment take care of the rich first.
the increased costs of everything you have to buy & the income doesn't go up, so therefore you are getting farther behind all the time.
It may make it more difficult for me to find a job. Also, I'll have to be more careful with my money. Our generation may have a lower standard of living than our parents in order to save money. Overall, the US may not be as economically competitive.
I feel the biggest negative effect is on our children, with high unemployment youth graduating from college are having trouble finding a job. And our government continues to make the situation worse by spending so much more than taxes bring in. I fear our children will be faced with a very high debt that will have consequences that we can not comprehend.
I think people reading this will give up hope and not fully use the resources that God has given them and our forfathers have used
Unemployment, self worth. Stock market, not enough for retirement. Cost of goods rising, lower pay. Unemployment affects both young & older.
I think that young people feel they have no incentive to work and put money into S.S. because they feel there isn't going to be any money there when they become of age. They will most definately be worse off then their parents. There are no jobs, if you don't have a college degree. We live in a very depressed area and they don't have too much to look forward too.
The national debt is huge and growing exponentially. China will become a world power above us as we owe them a lot of money. Programs such as social security which were meant as temporary back in the 1930s has become an expectation for retirement that our country is having a hard time financing. Seniors are losing benefits and should not be. Young people today have a much harder time becoming independent with current econonmics.
The biggest negative effect in today's economy would be that our government officials are too willing to cut the benefits for our poor, old, and down-trodden. If they cut their own pay first, maybe we'd be at least a little better off than we are now.
I have friends who can't get their house sold.
that is very sad!!!!!the thought that my child will be worst off then me...as a parent you always want your kids to be better off then you..but with this economy so bad i dont know what to think.i just have to wait and see if it get better
The negative effects are too numerous to "Briefly" explain.
Everyone is hurt by the economy. As for job there are no jobs in the town I live and alot of my towns people are on welfare and souldn't be and that costs the government alot of money to keep free loaders.
My husband has a college degree and is having a hard time finding a full-time job in his field that makes more than minimum wage. Employers are paying their employees who have college degrees the same amount they are paying those without college degrees. Hard work does not equal pay-offs anymore.
family members have lost their jobs,taken low paying jobs to pay their bills,and have had to go back to school to pursue a new career path so their lives hopefully will be both productive and more secure. By doing these things they have had to wait to have children, consider how much they will be in debt for furthering their education,and put off saving for the future.
Finding a job when I finish college may be difficult since there are less jobs available than there were a few years ago. Overall, many Americans are struggling to find jobs and support their families.
The mood of the country is so negative because of the bad economy and Obama's policies.
Long-term high unemployment, reduced government services, reduction in US's standing as a global financial powerhouse, younger generations will be worse off financially than previous generations
the lack of leadership to turn things around
poverty no jobs homeless no future even if you are a hard worker
less money for honest hard working people
What strikes me is the disproportionate distribution of the "negative effects". The gap between rich and poor continues to widen during the economic downturn and elected officials refuse to place emphasis on what is important to the vast majority of citizens.
You loose you feelingof self worth...we continue to take care of all the other countries, but let us citizens loose their jobs and homes..elected officalsare selfish, self centered,and have no iea what goe on in the real world..they SUCK / ALL OF THEM
I am 75yrs old.I do not think I will see the end of this downturn.We already lost ground to other countries.My kids have it bad right now.
united states give to much money to foreign countries and don't help the people of united states.
As a country our national security is at stake. As a parent I need to teach my child how to be self sufficient. The government can't take care of everyone norshould it.
I feel the economy is scary and worry about how it will be for my grandchildren.
The negative effects of the economy will effect everyone, hopefully the children growing up now will learn not to be as sellfish as the politicians today. If the government continues down this path it is on we will certainly lose ground to china
Negative effects would be that myself and our children will not a chance to benefit for what we have worked for...retirement!
I think the effects of the economic downturn will take a while to correct it self. Give the president plan a change to work
I really worry about the negative effects on my children. My husband and I struggle to put food on the table sometimes. I hope that we'll be able to put them through college so that they can be better off financially when they're older. I really wonder what type of country they'll be inheriting when they're older as well. I wish that our government could figure out a way to make things right. I feel disappointed in the way things are going lately.
I am retired, thus facing the possibility that Medicare payments will go up, social security benefits down. Retired people who have no savings will be most at risk. As for the youngest people, the cycle of poverty will continue to be generational, the number of poor people will continue to grow.
it makes you fell like you should watch how you spend your money.don't buy things you don't need.my son will be out of work a lot longer.
People that I know are finding it difficult to find work. Ledership from the President on down are not finding ways to correct the situation. Fromer President Bush owns a great deal of responsibility as to how we got into this economic mess.
Harder to provide for family No retirement saved Rebellion War America losing its independence
Well unemployment is staying high, as there are no jobs for those who lost theirs in the start. The fact that the government programs are struggling with the national debt. It is true that children growing up are going to struggle more than their parents and this will put a rise in the number of transients.
the excerpt is right 100% the economy is going south all because the rich in washington politics we the people are sufering
I sense a lot of uncertainty in how people feel about their jobs, wondering if they will have one in a few years. Employees are working harder for less.
The negative effects of the economic downturn will be felt throughout America for decades. We will lose much of the lifestyle improvements that we have gained in the last century as families struggle to provide basic necessities. The high rate of unemployment will erode this country's financial well-being.
The biggest negative effect of US economy is low support in the education. Basic public education is bad now and it will be worse if the economy goes down. Upper level education is also bad because a lot of our professional students are living to other countries.
educate our younger generation. big business should be creating jobs instead of looking to the goverment for tax breaks taking all their jobs to foreign countries and then wanting us to pay top dollar for junk
i feel that the probleb is people in this country polictaly try working together and respect the command person.
The goverment will not be able to provide services that Americans need, like possibly health care, proper education through lack of funding and renewal of contracts for infrastructure. Kids going to college may not get the grants they need so will have to put it off & try to enter the work force. For my kids, class size will be bigger, my son may not have gifted classes as often and will be bored more often in school. He may start to display behavior problems more because of this. I'll be most likely to get a teaching job because they are laying off teachers, not hiring them. Districts are more likely to rehire new teachers they just laid off, not hire a teacher with experience like me. The artticle hypothesizes that the long term effects may mean my kids will be worse off than I am-well, frankly, that's quite a leap & difficult to predict, I'd think, from a downturn. Anyway, to me that underscores the need for me to press on with my kid's education and to be sure that they have the edge in the workforce.
America as a whole loses power/influence in the world. American businesses lose market share to foreign competitors, costing US jobs. Dollar is devalued. National living standard decreases.
Our country is at risk as we do not have the money or the ability to protect ourselves. Every generation has had the prospect of doing better than their parents, but this one is saddled with the wreckless spending of the past 40 years.
It will be hard for the young. However when I was young we had to earn our own way. There were far less entitlements. I think it made us try harder and we did well. The sad part is this could have been avoided. Could still be avoided. The current government is hurting us. We need smaller government.
I see the job market after graduation as being tougher than ever before, a higher possibility of working a in a less-qualified field.
I think most of our economic downturn was caused by the government because they spend to much money on things we dont need every time they want something they raise taxes and the working man cannot pay them so he looses everything
It is goin to affect my retirement and affect the job situation making it harder for the younger people to get jobs. It is going to make the US a weaker country
I believe this all started with the wall street bailout that has robbed the american taxpayers. Second the irresponsible spending of our federal government. Also the borrowing,which will soon raise our taxes in the future. It has been total disregard by our government to the american people.
the lack of work and number of people unemployed will likely cause those to become depressed and fall in a slump so to speak
With unemployment, loss of homes and stability in families, higher crime. With fewer services, higher crime, but hopefully people with dig down within themselves and learn how to be resourceful and pull together and work together. Being behind in the global market can be good or bad, with us maybe relying more on our own selves and not other countries, and learn to live within our means, go back to a less complicated way of life.
Not being able to adequately provide for food, shelter and the needs of our families
If there are no jobs available for us right now, how can we support and help our children to be independent and how can we provide them education needed for them to be self-sufficient. It is important for our children to have education so they have a tool that can be useful for them in finding a job. It is a tough market out there and it is very hard to find a good paying job.
When I first turned 18, the economy was in an upswing. We bought a house, cars and toys, racked up debt, refinanced our home and got ourselves into a lot of debt. Now, with the economy in such a horrible place, the amount of debt we have is scary. I think the US did the exact same thing, and they are in the same position, just on a much bigger scale
The economic down turn is destroying many lives of medium and low income people. The continued interference of government and national security agencies in everyday individual lives and businesses is making us like a communist country day by day
I believe its true. We will leave behind nothing valuable for our children if the government can't lessen their debts hurting us. I won't have social security by my retirement. Imagine my hard working sons. Hope the world will turn around for the better.
I don't think we as a nation, especially the younger generation, are prepared for sacrifice. We haven't had to sacrifice since WWII, and I don't think we respond well when asked to sacrifice. We are VERY spoiled.
I worry for my children and grandchildren. I feel we need to heed George Washington's advice and avoid involvement in the affairs of other nations. We need to start manufacturing and stop encouraging laziness.
younger people will be worse off financially then their parents
Inability of our country to compete with others - continued loss of jobs, inability to provide for oneself or maintain a current lifestyle
I think that the most negative effect on myself and others close to me, is the realization that things CANNOT be remain the way they are. I don't know if I see our current situation as a BAD thing, more like a very painful neccesary thing. Things don't have to be hopeless, it all depends on how well handle the next couple of years.
high prices on gas food everything, no jobs or low paying jobs
lack of ability to promote no job security inability to plan and save for the future no insurance or unaforadable insurance
prolonged high unemployment, lack of confidence in the national economy, uncertainty this causes for many people, possible risk of people transferring these feelings to minority groups
People will be more paranoid of losing their jobs and such. It takes a toll when others that do not have a job eye you and say why are they employed and I'm not.
Successive generations will not have as many entitlement benefits as prior generations (those growing up in the 50s and 60s). It will also be harder for people to find good jobs. That is, there will be employment but it will be under-employment.
it will be hard for people to save anything for the future groceries to high cost of living tohigh they cant saveany money
THE ECONOMY IS AFFECTING EVERY FAMILY IN MANY WAYS, PARENTS HAVE NO JOBS, THE STOCK MARKET IS FALLING, PRICES ARE GOING UP ON FOOD, GAS IS GOING UP, PEOPLE ARE LOSING THEIR HOMES.
it does concern me how hard my children are going to have to exist later on in life,but as a Christian I know our future is ultimately in God's hands.
we worry about our economy but don't have the balls to stand up and say enough. We need to get rid of the senate and washington higher paid people, let them take a cost cut, you know thst will not happen , just as the rich will not be taxed as equal as the middle class
The lack of credit. The lack of fiscal control by the goverment. Poor leadership by the President
Unemployment continues to be high. I was affected by layoffs (my company was seized by the government) and was unemployed for over a year. It's also tough because it's not clear what benefits are going to be around when we are older.
I feel that media causes alarm and distress over something that may or may not occur. I am even tempered, not an alarmist. I hope it doesn't affect our country the way some say it might.
I don't know much about politics and today's economic situation.
The government is the reason the country is in the mess its in. How much is O'bama's tour costing the Americans?
The economic downturn will have the greatest effect on future generations. The United States is a 'new country' and will go through it's growing pains like others before it.
From a personal stand point I see these effects at work. I work for state government at one time seemed a safe and reliable job, all though did not pay as much as private sector. now not so much safe job. See people starting to turn on one another do to concern over there jobs especially least senior people, and people from private sector now angry and envious of public workers. some anger probably justified some not.
I'm approaching retirement age and my 401k is terrible. I'm worried about being able to provide medical care for my wife and me in later years. I'm afraid my children and their children may face even tougher challenges.
that there are no jobs and even if you go to college it is possible you still will not get a job
it scares me i am having trouble right now because of the unemployment.
I think if we would leave these other countries out of our country and stop depending on them
I worry every day that my husband will be laid off(for the third time) and we will be unable to pays our bills (again). I am upset that our house "has lost equity" and our equity line of credit has been canceled by the bank even tho we have not had a late payment. I worry about my kids being able to find jobs and afford their first house when they are older. I worry about us not having money for retirement. I worry and stress over every aspect of the economic downturn and how it directly effects us now and in the future.
The government is not able to live within there income so how do they expect the people to live with thre's if they keep taking it away from us. I wouldn't blame other countries for not wanting to trade with the US if we can't pay our bills. The government useless spending is hurting the people of the United States.
The negatives stated in the excerpt are: Many people will be with out jobs, services provided by the government will be limited, the country will not be in the same league, economically, as other big countries, and people will not be in as good of shape financially as their parents were.
I have taken a job out of state to support my family. While it pays better than my last job (from which I was laid off), it is difficult on my children to not have dad around during the week. But we are doing better than before, economically speaking. I think of the millione of Americans who can't find work and have been out of work for months and count my blessings that I received an offer 19 days after being let go. Of course, I saw it coming and had been interviewing for seven months prior - you cannot rely on the govt for any assistance. The federal govt., especially President Obama, has shown absolutely zero leadership and minimal empathy during this time. I am disgusted by
I feel no jobs are a downturn and high price gas.
i think the u.s. is going to lose its economic power in the world because people in the u.s. would rather not work at all than to work for less
I think this is sad for people who depend on the government for basics like food and shelter.
I worry about my children finding a good job after they graduate from college. The future seems scary but I feel that is the way it has always been. If you look at old editorials in old newspapers you will still see the fear of what the future will bring. With that in mind I am still worried about the number of people who are reliant on the government for subsistance as their families have been for generations. If the government can not continue to provide for these people how will they get the provisions they need? Since they have always relied on others for their needs will they just take from those who have? As more people start relying on assistance the more it will cost. The more the working person will have to pay. As for losing ground to foreign countries, I really don't care. I still feel the US is the best place to live and anyone can make it here if they work hard and care to dream. I will support my children anyway I can now and in the future.
Job losses to other countries, debt piled high upon future generations from the careless spending of politicians, loss of financial security, name it.
The econimic downturn will have negative impacts on all, will create hardships and be very difficult. However, for the nation as a whole, I do believe this is temporary and generally a needed correction to what has been a falsely inflated economy that has left many Americans overspending and undersaving, myself included. Although, I know that this will be much more serious than a little belt tightening for some, it's a good wake up call for many of the middle and upper middle class. It's the lower middle and poor that will suffer and the rich that will be generally protected and unaffected.
It will be especially depressing for kids growing up to have a lower lifestyle than their parents
gas price crieses money jobs less respect
People without a job will feel useless and have low self esteem. I believe this will lead to a revolt among the working class.
no jobs no services i would like to know why the jobs we gave to china and india we do not bring back to the u.s.
Could lead to another Great Depression. Could lead to war between the "Haves" and the "Have Nots".
Our personal economic position will decline. Our childrens economic future dose not look good. Our country will not be as influential.
The negative effects of the downturn are increased and prolonged unemployment, and stress on the governments financial ability to provide services.
I THINK MOST OF OUR PROBLEM STARTED WHEN OBAMA BECAME OUR PRESADENT.HE HAD SOME VARY FOOLISH IDIAS. HE TOOK OUR COUNTRY IN THE WRONG DIRECTION. A NEW REPUBLICN PRES. WILLGET THINGS BACK ON THE RIGHT TRACK.
The economy is not the best and many things places people are been affected for thus reason. Some people have lost hope because all the problems of been unemployed or many more reasons. It will take some time but the main focus is on working how to repair everything working together.
I know people who have lost their jobs and it is devastating!! People have lost all faith in the system!!!
It's true the rich are getting richer and the poor poorer,the young kids of today need achance toget out there and work if we stopped sending all our jobs out of state we would be in a better situation now and possible save this country from going under.
There are less opportunites, less jobs which means people earn less, send less and have less chances tomoe ahead and further their own lives.
Joblessness and the forclosure rate rising as a result. I don"t see it getting better.
As the next generation takes there journey into the work force there will be jobs few and far between. My brother worked for the same company for most of his working career. It came time for his retirement and he had lost most of his 401k. I see the economy getting worse before it gets better. Kids that are graduating from college cant find a job how is someone with no college education suppose to survive in the job market. The poverty level in going to increase and we will see more young families unemployed and on welfare and strugling to provide housing and other necessities.
I can not begin to tell you how I feel about the National debt. We are in for the biggest fall in our history. Our young adults are not prepared for this.
the rich are getting richer and the poor are getting poorer
young people today will be worse off financially than their parents
That the USA will not be the dominate country anymore.
This is not unexpected. All leading cultures have had a rise and fall in their economies. Families adapt and learn to value others rather than stuff. We have tried to teach our children about these values and now we see others not so worried about what they can acquire. It is rather refreshing.
the world is the way it is because you have way to many who have become selfish and would rather want or do for themself than for others...hardly anyone does anything for others..Imagine if all the wealthy would just set out and help 1 person with a new home or paid off their debts..just think how many of those people would have a new attitude to help someone else and so on..
The congress seems like they always get a rise and the every day working person is just making ends meat. When the cost of living goes up the wages seem to stay the same which is a crock. If the government would watch there spending this country could be doing better but they don't see it that way.
i feel ccompanies are taking advantage of all workers which is negative, the children going for jobs are tougher and probly see more senior citizens out wrking longer to make bills
I BELIEVE IT IF OUR LEADER DONT DO ANYTHING
We are experiencing this first hand in our famiy as our son who has a degree in finance has been unable to find a suitable job and my husband was laid off from his job and if we hadn't started our own company we would be experiencing financial problems. I agree that it will have a lasting effect on young people in their late teens early 20's - delaying the normal structure of family life ie feeling secure enough to enter into lasting relationships, have children etc
It is a self fulfilling prophecy. People hear negativity and avoid investing,buying things and think they are helpless. I don't feel as negative about the future.
the economic downside of our country has turn other countries to be careful about the differents trades with business. also they are skepticals about the value of the dollar in their markets. I have felt it since I travel overseas when I try to exchange the money.
loss of jobs. loss of faith in our government.
I am a child of God and I feel no matter what happens with the economy I will b just fine...I also feel that we need to stop depending on oil period!!!!!! We must stop supporting foreign ties to oil...we must b broken down to b rebuild
With the work outlook looking bleak for some college students, its hard to justify putting yourself into debt when not having a job is a strong possibility.
Little to no job growth, hard economic times for all, and cut backs in schools and communities to save money. I know many people who have lost their jobs and many people who can't find jobs for their degree.
Unemployment now puts people behind financially, making some people work longer before retirement, while others struggle finding their first jobs, and may find themselves in debt.
Less income. Harder to get a loan. Decreasing value of assets.
We will lose ground to China and India, and the like. The next generation will not succeed their parents financially. The US government will not be able to provide services.
this is realy bad and not going to get better
I think people need to quit relying on the government and go to work
Not only are our finacial future (retirement) in trouble bu,t our kids future (college education) will be in trouble as well.
We're all going to be broke, and my generation is being screwed by old people who are so out of touch with the world they think the internet is a series of tubes.
Not able to make enough money or benifet needed.
The lack of funds and debt nearly garantee a bleak future unless we are able to see reforms that could change the course we are on.
the national debt is the problem. we need to downsize the free services,check up on fraudulant disability claim,not give so many tax breaks to the ones who can afford it. put dollars into our America and not spend so much helping other countries, many of which don't like the americans to begin with.
i feel bad for people with depression. It ruins their life
I feel that this country could rebound , but the politics being played in Washington, espcesially by the republicans, will hurt us.
With high unemployment rates, more people will be living under the poverty level.
the effect will be more psychological than physical. people can do without things more easily than without confidence and a belief that things will get better.
The negative effects of this economic downturn are the inevitable results of reckless spending and pork-barrel politics by Congress, coupled with a leveling of the playing field due to globalization and cheap labor around the world. This is a manifestation of the slow decline in our living standard due to the concentration of wealth and the albatross of debt the US has incurred. It will only get worse over the next fifty years. Maybe in the US, the most dispersed wealthy generation has transpired.
The inability to provide services at the US's current level
a lot of people won't have jobs for a long time which can create hardships for entire families for a long time which will make it harder for the younger generation to become independant and self sufficient. States will have more cutbacks which will have an impact on education and quality of life for the nation as a whole. As far as loosing ground with foreign countries, the US spends too much on foreign issues and not enough on the issues at home.
As this country undergoes the hardships brought about by the economic downturn a likely more difficult challenge will be faced by all as we learn a new paradim. Will we embrace the opportunity to become more self-reliant, more attuned and attentive to ministering to the needs of others, more connected as a family of fellow-citizens and less driven by things we've never really needed to live well and prosper in the way that matter most? Will we really lose ground to other countries or will we learn how to build powerful global partnerships to share the wealth of knowledge and capability that should be spread across the globe? Challenging? Absolutely. Difficult? Of course. Negative? Not necessarily. Packed with potential? Absolutely!
I am concerned because my 2 children are in college, and I worry that they will have job opportunities when they graduate. I am back to work, at a decent job, after being unemployed for 6 months.
The country is becoming poorer as time is passing and there is no end in sight. The people of the US are losing hope and this is leading to depression.
Unemployment and the give me society that is too prevalent in this nation has made this a lob sided nation. To many Paul's not enough Peters.
Due to this downturn and some government policies distrubution of wealth is very poor. The rich is getting more rich and the poor more poor. The society has no section of people those were known as "Middle Class". This is a very negative aspect.
Future generations will be saddled with the massive amounts of debt currently being accumulated. Through no fault of their own, they will be obligated to pay this debt down.
The state of the US as been coming for a long time. The country was based on the guidelines of the Bible and we have gotten so far away from the word and guidance of how God wants us to govern our lives, money, and work habits. We have placed our faith in money and the greed of money that we no longer take the time to support one another or ensure that our country is taken care of before trying to take the splinter out of anothers when we have a log in ours. We are trying to pay our debts without making our debtors repay theirs. We are taking all the jobs overseas in hope of cheaper labor and forgetting about our fellow man needing to feed their families. Then complain because they need a hand out.
i just watched my best friend die withoutt hardly any income to live on, pay rent and buy food. he worked all his life and when it came time for our government to help him, after paying taxes his whole life he received nothing. zero! he fought for our country was a veterian, honerable. he got nothing.
companies need to invest more in there bisinesses to create more jobs
My children will be in debt for a great portion of their lives. They will likely have no retirement.
Knowing that the unemployment "line" will continue to grow it saddens me that the next generations will have to deal with the consequences of finding a job that probably wont be sutable for them. They will have to endure a small amount known as minimum wage and deal with high gas and food prices.
Our present leadership is a large part of the problem. We need to have people in lead that think of others and treat them as they treat themselves. Our present leaders are only there to fill their pocket books. We need to turn control of the USA to God's leadership.
The entire economic system is a farce. The people are not in any control--we must rely on the government to make decisions for us. There should be no low class--no high class--there should just be ONE class.
I think perhaps that the economic downturn has possibly taken away some of the better-paying jobs, or jobs that make us feel important. I think we as Americans have placed too much emphasis on what the job is and if we are too good for the job then we won't do it- jobs that immigrants are doing for us. Where we should be willing to work any job that will pay the bills and help provide for our needs.
the government has too many programs that are being funded and needs to cut many of them out. More and more jobs are being sent overseas, so our children will no longer be able to provide a good living for themselves and their families. The Country will be a third class country. The turn toward socialism by the current president is greatly contributing to that end.
I think the younger children as though grow up are realy going to have it bad. way to much dedt on the country. and I don't see coast of any thing going down. car coast more than homes us to. and home are just out of reach. It's very sad that the young prople growing up today will be much worse off financially than parents and grandparents. this is one of the very sadest thinngs I can think of. even my parents don't quite know how they are going to retirer.and I don't see and change coming for a long time.
the American dream has come to an end. Politicians don't seem to have the people they represent in mind.Retirement may be a thing of the past.
unemployment is likely to remain high for next half decade, debt threatens government's ability to provide needed services.
The greatest threat I see if the economic recession continues is the shrinking of the middle case. The middle class is cruical to a democracy largely based on capitalism. I also worry about services especially to those who have so little.
no middle class will be left. just haves and have nots
our children will have to pay for every mistakr we make now.
Loss of jobs and homes,Our children and grandchildren will not have the quality of life that my generation has enjoyed. Also, the further in debt our government gets, the weaker it gets.
im a very bible believing person and i think this is exactly what the bible says will come to pass and it hasnt failed yet and god said he would take care of his people so im not worried thank you
Outsourcing has had an effect on our economy. OUr President seems to want to help foreign relations rather than taking care of what needs to be done here at home.
I think that the future of my kids isn't looking good and no matter how hard i work they are gonna have to work even harder to survive.
i feel that the republican and tea party is creating a rich few, and the rest poor
It's a scary thought to think that our children will be worse off financially then we are, but then I turn to my faith in God and have to remind myself that God promises us that we are more important then the birds in the air and he takes care of them. So I really am not worried. But I want to do what I can to teach my child to be thrifty and independent. It is not good to think that the government should take care of me I need to work and take care of myself.
I don't believe everything that is written and certainly not this article. My feeling is that alot of people do not like the present president and they write thing that are not true. I fell the economy is doing fine and America will pull of of this downturn sooner than later.
There would seem to be ample opportunity for a great deal of individuals to be placed under a considerable amount of stress in the coming years.
Friends That I know as well as relatives are having a hard time making ends meet with job layoffs,taxes on their small busines etc. I have a nephew who just graduated from College,and he has had to work part time at jobs having nothing to do with what he went to College for.
its time the government cuts back on there spending on them seives,and give the jobs back to the americans,and stop sending our jobs to places like japan.china,etc. etc. etc. I ha ve worked all my life,and i became disabed I receive no retirment bennies,I get ssdi and that not much to live on the government just doesnt care about the disabled or the senior citiens,they onlone care about their own lives.... Ive said enough,Im just sick of the goverment denie that we are in a GREAT DEPRESSION....
Taxes will go up (FU Gvt), the valus of the US dollar will go even lower, everything will cost more, my family will suffer and lazy fuckers will sit on there ass and get free food stamps, free housing, free cell phones, free medical and so on. NON OF THIS SHIT IS FREE. WORKING PEOPLE LIKE ME PAY FOR ALL OF IT FROM OUR TAXES.
More people out of work. Raising prices. More crime. Stock Market dropping even more.
tWww he u.s must provide a job market.bring the jobs back home.Our u.s. must support its people. There will be choas if the u.s does not solve these problems.People will revolt.There will be war.We must remain strong.
I think this country is going to go bankrupted. Crime will be at a hire because people will resort to stealing to stay a live. I know someone who can't even find a job and can't get any help. People are having a hard time paying such high prices for gas and food.No one can afford to survive anymore.
I feel that there is going to be more people dealing with financial problems and unable to get out of the hole they are in. The rich will get richer there will be more poor and fewer middle class.
people are working the same amount as before but their debt still increases because their income isn't offsetting the cost of living
i hope that people will now appreciate what they have, begin saving for the future and stop wasting food,energy and household goods.
I'm sick of every one blaming our president for every thing when he took on all this crap! for gods sake give him a chance!
When it comes to how children in general react to this situation, depends on how the parent, or role model reacts to the situation presented. If the Elder reacts with a positive attitude then the outcome could have a positive influnce on the child and viseversa.
Negative effect I worry about will be the tendency for people to look about to find a group/s to blame for this. There is no lack of loudmouths willing to point out those group/s and turn us into bitter haters while dividing instead of uniting us all to work together.
Jobs are much harder to come by and the national debt is out of line. There are many people that have a feeling of entitlement because of a number of government programs that really should not have funding.
Lower standard of living. A more difficult life for future generations. America's decline as an economic superpower.
leaves me feeling hopeless; too much focus on money steals my joy and clouds me with doom
The economy of the United States today will take decades to recover. Jobs for our children will be extremely hard to find. Our children will be living longer with us thus delaying any retirement for my generation. Food, gas, clothing are costly and even though gas is going down now, I don't foresee that as continuing for any long period of time.
The economic downturn has been long coming. The United States of America has been involved in foreign affairs to a fault for many years that has resulted in our economic downturn. I do believe in helping others less fortunate, however, we need to think about taking care of our own. For years we have provided foreign countries with jobs we should have kept here in America. We should encourage Americans to work hard like our ancestors did instead of taking the attitude of what's in it for me. It is disheartening to learn of the wages, attitudes and lack of respect that so many athletes, politicians and celebraties receive while other Americans are starving, homeless and without health care. What happened to the philosophy of healping one another.
I feel as if our contry has ssold us out to other countries
I believe that the Obama administration has gotten us into this recession which is getting worse and worse..and will probably proceed into a DEPRESSION soon! Unemployment in South Florida is HIGHER (10/7%) than the national percentage (9.1%)!! The negative effects of this economic disaster are a domino effect. Demand is low, so business start losing money becuz people arent' buying..so the companies start laying off. People can't afford to buy things becuz they don't have any income/money so consumer purchases fall off even more, housing prices usually decline. Homes lose their value..people are losing their homes becuz they can't afford to pay their mortgages. Banks aren't giving out loans becuz of fear that people can't pay them back. It's a disaster all around I believe this is just going to get worse.
AS FOR ME THINGS ARE GOING TO GETWORSE BACOUSE REP.ARE RUNING UNITED STATES
right now i live pay check to paycheck, and have a 1year old daughter, to think she would make less than me is pretty scary
The only negative effect is that things won't be as easy, but I don't actually think that this is so bad.
It saddens and frightens me to know that I may not be able to provide for myself, my wife and my children, and even more that my children may have even more of a struggle ahead of them.
Less savings;less retirement funds;harder to pay for daughter's college;less vacations;less gov't strength;no social security left;dependence on other countries;harder for daughter to get job;cuts on education will impact daughter's learning & opportunities
lack of potical parties working togetherby not really working for the peoples needs vs the politisions personnel gains.
I don't agree with the statment at all the times are completly diffrent both with population and the economict of today than it was then.
It is taking its effect upon sole owner businesses in my family and creating a negative effect upon their livelyhood
The real estate market has hurt middle to low income americans. The banking, credit and finacial institutions have been impacted but bailouts by the government has made their losses less significant. As a whole the middle to lower income americans have been affected the most.
Since I'm dependent on Social Security for the bulk of my current living expenses, the national debt is an extremely bothersome issue. My greatest regret is the fact that we senior generation are leaving the country is terrible shape for our grandchrilden. With the current political turmoil, I haven't a clue to what we seniors can do to make it better for those young people who will follow us when we're gone. The democratic election process we have in this country is of little help in restoring order. In public forums and/or townhall meetings our cares and concerns, it seems, fall on mostly deaf ears. In situations such as this I often think we seniors feel that uselessness is about all we can bring to the table.
I think the quest for ever bigger profits at the expense of the work force has greatly contributed to the economic problems of today. More and more jobs shipped over seas, causing factories and businesses to close. Even the progress in electronics is limiting job opportunities as more people conduct business over the internet and are having less contact with "real" people.
People losing their jobs, children seeing their parents suffer economic hardships.
The economy is bad enough that people will more than likley revolt. I've been hit hard by not being able to be productive and able to earn a living because of the housing shortage (I was a carpenter--now ther is no work for my proffesion)I went from making $20 dollars an hour for 40 hours a week to making $7.25 an hour for 18 hours a week. I'm about to loose everything I've worked for up to the present time. Living under a bridge doesn't sound like a whole lot of fun.
Itdoes not have to be this way. A large part of the problem lies with the government. We are too good to many people in foreign lands but fail to provide some of the basic necessities for our own people.Good example is the outsourcing of jobs.
That unemployment will remain high' stagnant. The nations citizens who depend on the government for sustenance will be threatened because of the politicians refusal to deal with our debt crisis. Other nations will surpass us economically and our children will not enjoy a robust future of prosperity.
i think we will survive this bad time and come back to be the strongest nation we have to have faith and think positive
Because a lot off people are lazy and people don't won't to work they won't everything for free and they get it. There are not that many jobs ether but people don't won't to keep them ether
employment high for 1/2 decade United states losing ground to foreign countries national debt
Personally I find it harder to enjoy life in general. Having to work longer hours for less pay causes less quality time for family. We are unable to take vacations or trips in the near future to wind down.
THe biggest negative effect is the hurt that is being put on acheiving the american dream of a car in every garage and food in everyone's fridge. Not everyone wants or can afford the home they want/have. Some are having a hard enough time getting food.
The economic downturn resulted in my loss of a good paying job and I am now working 72 hours a week at a new job that is salaried. I have looked for new work but have not found anything as of yet. I am currently bringing home $1000 less a month than I did before. The outlook is depressing because it could mean no end in sight for me and my family.
The economic downturn has resulted in job insecurity for my family, including both of my parents losing their jobs, my father-in-law losing his job and being out of work for over 3 years, and several other family members losing their jobs. Many of my peers are concerned about the long-term ramifications for our financial futures. The effects on the country on a whole are losing out to foreign countries, losing the services that many have depended on, and unemployment and financial insecurity.
People are no longer going to be able to live in the lifestyles to which they have become. We have become a "now society" and there will be many folks who will not be able to adapt to the new realities. Lastly, many who have become dependent on governmental support will also need to do with less.
It is partisan politics that has cripple our country
I belive most of manufracturing jobs will be lost to these countries and eventuly high tech jobs like computer work
I agree that the economic downturn will be far reaching and difficult but this is a wake-up call for us as Americans to get our act togther, pull ourselves up by our boot straps and make important changes fiscally and educationally so we can compete with other countries like China and India.
Well the economic is making the people to steal killyn
more crime people are going to steal from one another,people will lie to get what they want,the usa will not be the power any more.
Respect and financial standing of American will decline. Therefore, individuals will be in a worse state of living, health and mental health.
Politicians in this country seek for personal short gain on expenses of the future of the country. They do not care about long term growth of the US. This has resulted in the economic downturn now and much worse in the future.
Five years of high unemployment. Possible loss of government services. Uncertain financial futures for my children.
The most negative aspect of the downturn is that our kids will suffer for our decisions.
I believe the economy is set so the rich stay rich and the poor become poorer..As long as people take the initiative to become business owners and teach their little ones how to save, middle america may have a chance.
The American way of doing things has pros and cons just like Communism and Socialism, Capitalism allows the greedy to become more greedy without a watch dog around. There needs to be a new system in place. 9% of the population can't own everything!
The negative effects on the housing market will take years to turn around. If we don't get some leadership in Washington the Country could fall into a depression.
i believe such predictions are over-blown
Our children are going to have to get along with less as adults. This could be good or it could be bad depending on how you look at it. America has lost alot of its roots hard work, determination, enjoying the little things. This may be good for our children to be more grounded appreciate life more and what they have. They don't need every electronic gadget out there to be happy.
for the first time in American history, young people growing up today will be worse off financially than their parents.
The fact that we will be worse off than previous generations, marking a downgrade in overall standard of life.
I feel the government needs to quite argueing & start working for the people. We need to stop importing from these countries & create jobs for our people. We need tax the very wealthy more & leave the working middle class alone.
Loss of trained individuals. People schooled in technical fields and trades will not be able to find jobs. Later on when people who are currently trained retire, U.S. will be short on qualified people.
A strong financial future for our country starts in our own homes with responsible money management.
I know people who have lost their homes, but most have a great sense of self dependence and believe they will be ok in the long run.
The loss of jobs is a huge economic downfall, jobs are the rock that people need, we go to school for 12 plus years then college all to learn and make a living A JOB!! With out jobs there will be more homeless, more crime, more people needing assistance in which the country is already cutting back
Unemployment is a large problem, I am affected by this myself.
Employment to remain high for the next half-decade.Financially today people growing up will be worse off than their parents.
Negative effects include a lack of confidence in the country's leadership which will in turn lead to frustration and apathy.Increased crime is a possibility. A general loss of respect among people both for one another as classes form opinions about one another and for law/government as they fail to be able to provide what the citizens believe they have paid for.
I agree with what the article says. This country has a lot of issues and neither political party is willing to make hard decisions or compromise. Unemployment is going to remain high and we are going to continue losing jobs to developing countries, for among other reasons, the unions in our country. I am worried for my daughter, but believe that the country will eventually figure things out.
I think the long term effects on the country will hit every one and take a very long time to recover. i beleive the people will hav to work harder and longer for less money that doesnt go as far.
I believe the economic downturn will leave a lot of people with no hope which could lead to desperation and poor decisions.
One of the negative effects of the economic downturn is that, despite the enormous national debt, more people will begin to demand that the government fund aspects of their lives. The entitlement mentality in this country is already out of control and with hard economic times more and more people will decide that others should pay for their bills.
Liberal policies put forward by Obama and Pelosi will bring America to her knees.
my grandchildren will have a difficult time; i will try to help
The finincial crisis is significantly affecting the middle class and those below. Struggles are observed daily. Most people have little accountability, bankruptcy is much simpler than thrifyness and a conservative approach to life. Local, state and federal government is helpless and the US is a country of the past or quickly approaching that. Leadership is poor at all levels. We are on the verge of desparate times if not already there.
People in my age bracket have paid into SS for most of our lives and have worked hard to reap those benefits. We see our retirements disappearing and the government officials not taking any losses in their benefits. Our children are struggling to find and keep jobs especially ones that will allow them to live independently. Medical care and the cost of RX's are eating up our income. We would like to see our teachers and military paid living wages and not treated as second class citizens. I think it's going to take years before we see a light at the end of this financial decline and I would like to see our government officials take a fair cut in this decline.
I think the USA should take care of the USA first.Feed the people here help the REAL people, not the rich
I have had to do more with less during the past 3 years. It was tough but I grew up having to always make do and I think that has helped me get through these times. I look at others who cant live within their means.
The biggest negative effect, to me, is the effect it will have on my children, and my mother. Things are already hard. The 2nd effect I do not see as being negative. Perhaps we as a country will begin working and therefore help us become a stronger nation if we have to rely on ourselves more. Open the factories up, this in turn will put more American's back to work. If we would simply by more products made here, we have more jobs which would help our economy get better.
The economic downturn started with the banks and the home buying policies. They had to know things would go bad, but ignored. Then more money was thrown into the banks instead of helping the people that needed it, therefore, more foreclosures happened that caused many to lose jobs. When you have so many people jobless, less money go back into the communities that cause more businesses to close and more to lose their jobs. Not to mention the fact that everywhere you turn more and more well established entities are now deciding to lay off.
The transfer of manufacturing jobs to overseas locations has been a source of high unemployment which I see as the primary cause of the economic downturn. This trend is still continuing. It is therefore unlikely that employment rates will return to the old norms in the foreseable future. With an entire employment sector practically disappearing, I expect to see a continuation of of the trend toward a diminishing middle class with wealth concentrated in a very small and very wealthy group, along with an increase in poverty in the United States.
I think that we all need to stick together and i feel like the republicans are only concern about themselves and not the poor. Poor people have to pay out more taxes, and get the shitty end of everything.
Obviously the high unemployment is undesirable and is a further drain on the economy and the overall stability of the country. Additionally, the crime and homeless percentages might increase. However, i strongly believe that not being "#1" will make us work harder to succeed.
my children will have difficulties in there adulthood. finANcially
i dont think that it wiil hurt the younger people as much as they think . everythink will turn around for the better if we can get the goverment to work together.
i think we give too much money and put too much effort in building and restructuring other countries that we have lost sight of our own problems here at home...and it effects everyone working class and lower...
One big negative effect that I have found is that many people won't be able to find work coming out of college. That coupled with the fact that college is starting to cost so much more, makes a degree seem less useful to me and probably other people. It is hard for people of any age to be laid off, and one negative effect is just how many hard working people are out of a job now. Also people who put their savings into the stock market are having trouble recouping their losses, and there doesn't seem to be a good/safe place to put one's money these days
I feel there will be much more crime of all calibers and we will suffer to a degree food shortages, healthcare, housing problems, a lot more homeless.
The negative effects associated with the negative downturn will impact national, state, and local economies. The impact on education and Title IV funding will be significant, for many students may not get the quality of education required for future successes, both in the private and non-profit sectors. With a quality education comes future success. With success, one finds opportunities. The national debt continues to pose challenges; however, I get a feeling that Americans are not willing to allow our government agencies to be fiscally irresponsible any longer. We, as a country, need to find balance in respect to spending and available resources.
the economy will loose as a whole to other countries, the children will suffer.
People are loosing their jobs and can not provide for their families. Working for the school district every year especially the past couple of years, I fear that I may loose my job because of the economy. I thank God that I still have my job and my husband has his. We just continue to pray and have faith in God that things get better for our country, I believe, that is the only way. I put my faith in God and not in any politition, but pray for our leaders to make good choices for out country.
the negative effect of the downturn is the feeling of helplessness for those that had jobs and lost the job and their life savings. The lack of work because greedy corporate executives are trying to affect the next political election. Finally the lack of togetherness and sharing that was displayed during the early 20th century to help your neighbor.
probable more people will be poor then what we have now
The negative effects are the fact of being in economic downfall. The fact that it affects our kids and how things will be when they are older. THe governments involvemnt and how they are messing things up.
The government spends the United States money foolishly on stuff that isn't worth spending on.
the young people will not be able to make it in life like my parents,because all they want is the easy way out and thats not going to work.
I feel for the fisrt time in my life I am leaving my grandchildren in worse shape than I had it.
The most negative thing that I have seen is so many people are losing homes. They can't afford to feed their families let alone pay a mortgage on a house. Families need to pull together and help each other out in times of need.
lots of people out of work & will continue to be in debt
having china and india become bigger then we are
Our children will feel the negative effects the most. There is the threat of them losing their jobs, their house, and not be able to provide for my grandchildren.
For me there is to much greed and not enough of togetherness as a whole in the country as a whole to much Im better than you in stead of how can I help you and can we work together and too much helping other places,fix the problems in your back yard
No american dream available for our children
It's too bad that we allowed ourselves to get to this point because of greed and self satisfaction.
The country is on a unsustainable path with dependence on goverment overwhelming its ability to provide,causing a collapse and lack of faith in the US worldwide. We are a declining super power.
It seems to be a scary concept. The fact that the children will be worse off than the adults., seems to be unbelievable. it will increase crime.
The longer people are unemployed the greater in dept they become. The jobs that are available are not paying enough to allow a family to make ends meet. America better secure its borders and give an insetive to get people back to work. Not give them handouts, wich is money taken from thier own pockets.
I worry about the people on Social Security and Medicare. We depend on them so much, if that was to change we would have all kinds of problems. How would we live? Especially the disabled?
The bad economy will not hurt me at all unless I do not get my Social Securty. The reason for economic downturn are manufacturing and skill jobs are dwindling. Add to that, the U.S. is not keeping up with education. The U.S. was built on capital and manuel labor if we don't get back to work our economy will weaken further.
With the lack of jobs, people are becoming less independent and relying on their parents. This leads to more people lacking independence and drive to better their life.
discouragment in younger generation, the next set of decision makers.
I am on Social Security and if that is taken away or cut down it will impact my way of life-I could lose my home. The young people now do not know how to cut down expenses-they expect to get whatever they want when they want. We have already lost jobs to India & Mexico, & probably China or at least we buy a lot of products from China. That does not help the economy here if we are buying products from other countries rather buying American but people look at price and it is to their advantage to buy cheaper foreign goods.
Difficulty in obtaining employment, devaluation of college degrees, difficulty being promoted, purchasing property and saving for retirement.
I can find my own job...We need 2 stop the dependicy
unemployment,higher gas prices,higher food prices and no cost of living for poeple on s.s.higher medicine and higher insurence medical cost.
The financial downturn is hitting America and will cause long term problems for us now and the future.
The United States will lose some of its power and prestige as being a powerful nation. Other countries will take over as being financially better off than we are.
As the republicans eliminate the middle class-we will be a world of rich and poor just like the other developing countries -kids today will not be as well off as we are.
unable to have a financially secure future
Ths statement is true. I worry about the opportunities my 15 year old will have in employment. I also am currently afected because I find it difficult to find a job
I am continually going backwards in my financial situation. Everything in my day-to-day life has become more expensive. My parents are also suffering. My mom has had to take on a second job just to keep up with their bills. I see no ease in the foreseeable future on our financial strains.
I think Americans will have to take jobs they wouldn't have considered several years ago and make do with what they make on those jobs. Maybe that's not such a bad idea after all. Spending above our means got us into this situation in the first place.
The negative effects on the country is that America is losing ground and is poised to become a third world country or at least a second rate country due to our economic disparity and hidden issues of class warfare
I feel that young people will not have the proper idea of what healthy living looks like. Living in a "have-now" mentality will cause our nation to continue to go downwards.
The negative effect is that young people will have a hard time achieving the same economic level as their parents. Also the government will not be able to provide the safety net for the poorest in the US.
I think the greatest fear would be if my children loses hope and motivation to work, thinking that no matter how hard they work, it will not be enough. If this becomes the mindset for generations, I think it will cause a spiraling downward effect that will be a burden for everyone.
The negative effect I see is that our children will be worse off than we are.
With the bad Econmy its hard to get jobs and money and i for one have tried getting a job and have been turned down constantly hence making it hard to buy needs
I think the American people will make it through this situation .
I think that unemployment will go down. There will be new companies formed by a younger generation.The youngsters are already tired of our government.The USA need to make China keep their word about trading USA products in their country.The USA needs to develope our natuaral gas so we won't have to depend on India for oil.If Washington politicians stop forming all these different committees to do the jobs of our elected senators and congressmen,which are payed to make those decisions and stop passing the buck,thats trillion of dollars right there.
The economic downturn would cause prolonged high unemployment rate and further depress the economic recovery. Some of young people would have difficult time to find jobs if they are not educated and unwilling to relocate. However, I strongly believe that if you are a best of what you do, you would not have difficult time to be employed or to be self employed. The period of easy money is gone, and hopefully we learned finance 101, not to be so wasteful, spend with the means, and not to borrow from our children.
this is very disturbing to think we could be heading for a depression. I remember stories from it and don't want to live it myself or have my children & grandchildren experience it
The next generation will not readily be able to afford the luxuries that were once easily acquired by their parents. They will have to work harder and longer to acquire extra savings and luxuries. Just to maintain a means of everyday living will sometimes be a challenge.
though we are worse off then our parents we do get help from them.for losing ground from foreign countries is because we keep borrowing money from them.
I think the main problem is the people in government not working together to help solve the many problems that we have today.
Being military, the government, which underpays us to begin with, expects us to consider now covering out medical expenses and retirement, and seems to hope that just by the very nature that we exist will prevent a new war against another country, while not putting any money into retention or upkeep of our military.
The economic downturn in the United States is bad and I expect no recovery to come anytime soon.
i know from experenenice i haven't had a job in 3yrs and it has been hard and i have tried to look for a job. but this econmic is diffent now is when i was growing up. i feel my kids our going to have a hard time liveing and takeing care of thier famliy when they grow up.
The economy will suffer. Jobs will be harder to come by and it makes me nervous for my kids. Economies tend to spiral on themselves and the effects can be positive or negative and it is difficult to turn the negative around. Other markets, such as housing and stocks, will spiral down with the economy. Congress politicized the process, making it more about ideology and soap box statements then about actually fixing anything and the most frustrating part of all of it is the feeling of absolute hopelessness as a voter of being able to effect the outcome any... Vote Democrat.. wathch them bicker amongst themselves about which special programs they should pay for... vote republican and watch them gut the system of everything but their own special interests and still not raise taxes to pay for any of it.. Not much of a choice and there isn't exactly a third option... the whole process is a corrupted abortion of what it used and was designed to be.
The richer will get richer and the poorer will get poorer.
Our children will be worse off than us for the first time ever.
Because of our government, special interest groups and their self centered beliefs.
We've been living above our means as a nation and personally. Living on less will be very hard to accept by many people; also they will be working harder to earn the same amount of money.
I see job loss as a large negative effect of the economic downturn. Having 1 out of every ten people jobless makes business bad for everyone. For me personally it means working harder to find a job that can support my family and doing my best once I find that job to maintain it.
I am in agreement with the above excerpt. The main negative impact is higher prices for food, products, and services.
I totally agree. Right now I'm 24yrs old and I've been looking fora job for 3 years still havent found any thing.
The Government supporting other countries with their poverty level inssteaad of taking care of their own first.Continuing to pay saleries and secert service agents for past presidents and their familes.Giving themselves raises when personally i dont think they should be paid at all,for being senators or house reps,they are already rich anb they were the ones who wanted the statis of the jobs.So needless to say i think it all falls on the entire government,and they need to stop takind vacations at our expense,and if they want to have a working lunch meeting pay for your own,dont expect the every day tax payer to foot the bill!
Ithink generations to come will see a and reap some of the mistakes we have made our budget and healthcare programs.
Loss of jobs, loss of GDP, lack of economic growth, loss of national power,businesses closing due to losing money
Basically this statement targets and labels young people, myself included, as the "generation of no hope". This isn't the first time that this country has experienced a financial meltdown. Unfortunately people my age do face the chance of not being able to retire by age 65, we will not be covered by Medicaid/Medicare and we definitely can forget about seeing any Social Security benefits.
i think more delinquense is going on because the economy is going down even more! that a problem whith all the people that live in the USA!!!
everyone is becoming too self-serving,no one is thinking of the longterm consequences of their actions:wall street,politicians,etc.
What I see as some of the negative effects are inflation and the devaluing of the US dollar that have happened and are sure to happen even more, which hurts the savings of the older generation while also lowering the standings of the country in the eyes of other nations.
There are so many negative effects that come from an economic decline. These effects not only affect myself as well as those around me, but everyone across the globe. For example, if the economy declines or falls this will lead too: -Extreme unemployment rates -Famine -Violence -Inflation on everything from bread to gas prices and war.
thizz or die u bezzy rest in peace boov 5000
I dont see all of the events as negative. We as a nation need to return to our basic values and this might be the time to do so. Spending less money on the things that are not necessary,looking out for each other. Manufacturing products/items that can be utilized here in the USA instead of importing them.
As a retired person, I'm concerned about Social Security and Medicare. Will the money last to take care of me?
we suffer more now because our government put more of our resources into helping other countries without fixing our problems 1st
Government's lack of ability to provide services that Americans depend on. Young people will be worse off financially. US will lose ground to foreign countries.
I think the economy stinks right now. We are so poor and have taken a wage freeze at work. What is going to be left for money in retirement and for our kids??? I WILL NOT work until I am 85 years old.
paying higher taxes,very high interest rates on loans,credit cards etc.
As a mother, I see difficult times for my children. I'm sure that they can survive, but never having to live in a depressed situation, it could be devastating for them.
effects are lack of jobs and programs that are needed by the people in need of the most.
honestly i think it is bc there are so many young parents out there and kids are ab;e to do whatever it is that they want. being a parent is a full time job and with education being cut these kids have no chance at being succesful adults
The present financial difficulties are pretty much 'man made'. As long as we continue to depend upon large international companies (like oil) we will be subject to their agendas, not our own. I am very glad to be on a fixed regular income,(how be it low),because of the the way things have been going. I believe there bare a lot more 'scams' going on because of the of the economy. This includes large companies. The more greed based we are; the worse things can become. The way out of this is to de-centalize, and be more charitable at all levels of income. If certain enviromenal catastrophes occur; we will wish we did.
The country will be playing catch up for a long time. I am optimistic that things will turn around, and the voters will see the mistakes and do the right thing by showing the current politicians what we think of the job they are doing.
american jobs will be lost to foreign countries and it will be hard to get them back due to the cheap labor overseas
The downturn described in this article for the U.S. is people being unable to find work for a long time to come. Also it talks about the government cutting services that Americans count on and that our youth are gonna be screwed financially.
to many companies moved their businesses out of the united states, they need to bring companies back, more companies more jobs more taxes paid
Businesses take their companies to other countries due to taxes and wages. This creates the negative effects of our economy.
near-retirees could lose some of their investments and social security. Their will be less good jobs and opportunity for our children. Government will continue to spend too much on welfare programs for political reasons.
I think it is naive of the writer to think that this generation is the first to experience this. They are two generations late. Some boomers have done better than their parents, but not all. Many are facing retirement and wondering whether they will be able to work long enough in good health to enjoy any time after retirement at all. The economic downturn began 15 years ago and has slowly eroded financial stability for years.
when people can't find jobs that they are qualified for, it forces them to not be able to pay bills that they ordinarily would pay. these people are forced to rely on relatives and friends to help them out or possibly social services to provide which ma or may not be available,putting everyone in a downhill spiral financially.
Our economic downturn will allow China to become a major military power. If we continue to support China someday we will be somewhat controlled by them. It's bad enought that we owe them so much money but if they become a super power watch out.
the more down on the economty the more depressed i get
Maybe things would get better if the govt. would work together,and stop all the bickering.Cut down on people coming to the U.S. and start taking care of the people that made this land so great, our fore fathersfor the generations to come and now!
The negative effects that I see is that because of the national debt and mismangagent of funds, services that the american people have paid into are going to be taken away from them. Unemployment will continue to be high, I have been unemployed for 2 years and can't find comprible work.
the fact the younger wont have healthcare or be able to keep jobs
America is a strong country and has a strong base from long time....the other countries are comming up well but it doesnt mean that its a threat to america , the upcomming countries can be economically at par with america...but yes people here do need to understand the importance of saving and surviving on their own even if they lose jobs and retire....i also think that there has to be some cultural change among the new gen. like supoting parents at times and joint family culture...or take help from family at the time of need. family support can help save lot of money
My negative lift. I alway want to be some thing like actress get marriage, children and family. My friends and my own people come up with a negative effects. Every time I think some thing good about my self, they say thing real negative effects, I really want too be some things some day. I this sounds good.
The employment opportunities, especially for the younger generation and the unprecedented national debt will hamper the US government's abililty to function for its citizens
The way the economy is has really hurt me and those around me. I have seen people lose their house and their job. People are staying at jobs that make them miserable just because they have a job. This in turn is going to hurt in the long run because this affects peoples attitudes even when they are at home. In the end this whole thing will make the lives of our children so much worse than it needs to be.
the future of our children. them not having one.
I have seen the down turn in other countries as well as the US, but probably the worst is China I believe they are in worse shape than th e US. There will be a larger gap between the rich and the poor in coming time.
I hate to see my kids and grandkids struggle financially even when they try to get ahead. Nationally, the public is going to have to accept the fact that past benefit s and services will probably be reduced and some may disappear
lost of the lifestyle we have. lower hopes for the future.
Young people having trouble finding jobs
With a greater number of poor, we will need more public services to care for them which will further impact the middle class in taxes, theft, vandalism, etc.
Young families will not be able to move ahead as planned before the economic downturn. Education will no longer be a priority, as just getting by will dictate decisions about money and future. Healthcare will not be affordable to many.
I worry that despite a good college education my children will have trouble finding employment after graduation
People are going to lose jobs, homes, and other possessions. I think it will be harder for college students to get by.
I'm retired, with wife, children and grand-children. The economic downturn makes our investment strategy more difficult, as well as our ability to help our children and save for our grand-children's education. It also threatens important aspects of family futures, like education. I do believe that our country can improve our national infrastructures (roads/bridges, rail, power generation and grid, all levels of education, health treatment facilities, etc), and if we do it right, part of that improvement will create new jobs and improve current science/knowledge and skills, which can improve our place in the world as well as our ongoing economy. This answer says we should use the negative aspects to push us into a better situation.
threat of losing services.u.s. will lose its standing in the world.young people will be worse off.
Outsourcing has never been a good idea anyway. China owns us too becuase everything is made in China. To continue to do this is just stupid. Also this generation feels entitled and they will all end up coming home.
Unemployment causes loss of self optimism and hope for one's secure future. Prolonged, this can be devastating
I see people reexamining their beliefs and dedication to their nation and government. People will want to be moving forward, but never straight. I do not intend to be "worse off" than my parents, but I suppose no one ever does. We need to become more isolationist
Prices will rise, it will be harder to borrow money for home or auto loans. Not being able to find jobs will lead to more depression, violence, dependency on government programs, which will in turn drain the programs
The U.S. needs to stop their involvement in foreign affairs and stop sending aid to everyone else when AMERICANS need it first. I can name 10 people that have been adversly affected by this economy and have lost their livelihoods, homes, marriages.
I think that the media has it wrong. Now is the time to encourage young people to work hard to better things in the USA.
A feeling of helplessness. No matter what you do it will never be enough because there will always be more mouths than food, more bills than money.
Decline in US wealth and stature. loss of personal gain and money. Loss of opportunity for my children.
The downturn will limited the opportunities of the students who are the future work force of the country. Since there is not enough funding to the education from our government, lots of academic programs that help to build the character of our children are forced to be discontinued. Especially, students coming from the low income family, they are struggling in the schools yet they can't receive assistance from appropriate program for them to at least graduate from high school. Many creative and constructive workshops and program have to be put it aside because of the lack of funding.
People have endured economic hardship before and we will have deal with this one.
Jobs will continue to be an issue for years to come... Our financial dominance in global markets will forever be changed. It is likly the US dollar will soon no longer be the global currency of choice.
As a senior on a fixed income, any downturn has a negaive on my standard of living
Not only will Americans be worse off financially, Americans have lost much ethical beliefs.
Our family is going to be fine because we have our faith in God and tend to live within our means. As a nation and and as individuals we have over-extended ourselves, morgaging the future to feed our own self interests.
It is a scarey that individuals today have college educations and are being laid off or can't find any jobs in their related area of study. People with 30 years experience are competeing with 20 and 30 year olds for minimum wage... its sad. Even working full time at minimum wage isn't enough to support an individual, let alone a family!
lower costs to produce goods in foreign countries will cost American citizens jobs.
High unemployment for the next five years; Less services from the national government; Foreign countries will surpass us economically. This generation will NOT be better off than the one before. Sounds like a great deal of financial struggle and heartache.
well negative effects will be my kids andor grandkids the economy is very bad dont see were its gotten better. my grandkids will see the effects of jobs annd all other thigs need to live in this world there will be no futcher for our children
One personal effect of the economic downturn is a reduction in wealth that will enable me to provide for my family both while I am living and when I die. The inability to actively accumulate wealth is particularly concerning in light of the economic downturn that will likely persist for some time in the United States. On a national level, the economic downturn will likely result in a return to "stagflation" that will prevent the United States from returning to a position of economic strength for some time.
young people are going to be worse off than their parents.
The high unemployment and the potential inability of the government due to lack of funds to help those in need of the basic necessities to live a desent life.
The economic downturn is making it harder for young people to get out on their own. Good, secure jobs are hard to find. The economy downturn affects skilled and nonskilled labor. Most people live beyond their means and are having to change their way of spending money.
I disagree with the premise. The downturn is largely self-inflicted. We have actually encouraged companies to take more jobs overseas with our misguided policies. We have let the Banks and Large Corporations run roughshod over this country. The gap between the upper class and and middle class will only widen unless we change our policies.
Hopefully most of society will figure out that a throwaway mentality will cease. Items of value are wotth keeping and repairing, and thoes able to repair are of value. The rich got rich on the backs of the common man. There fore they need to pay there fair share fo taxes (35-40%). Govt need to "invest" in America. To make sure we can compete with the world.
The loss of Life Liberty and the Pursuit of happiness. Children today will find it far more stressful to meet the basic level of their parents, let alone exceed them.
It's downright awful that people have to 'stick out' jobs where they are taken advantage of, just because there are no other jobs available. It's a scary job market, and employers are exploiting employees just to see what they can get away with. I am in a similar situation. Before the economy crashed, my job satisfaction was about a 3.5/5; not great, but not terrible. Since then, they have moved 30 miles farther from my home (making it a 61-mile commute, each way), fired several employees and I have been expected to cover the slack while commuting 3 hours a day. It's rough, but I'm scared that there are limited opportunities elsewhere.
There are more people homeless and not having the money to take care of their family and a lot of people not having jobs or are losing really good jobs. People are having to sell their houses due to them not having the money because of the economy to pay for their morgage.
I think this will lead to increase in crime. It will also make older people, who would normally retire stay active in the workplace due to financial problem. This, in turn will affect younger people getting jobs.
I just thinkthat the situation needs to be delt with as soon as possible. People need to survive and the way things are now even the basic needs of people are not able to be met.
Lack of entitled services, e.g., Social Security. Lack of gainful employment which could lead to increased crime, dependancy on welfare, etc., which could potentially retard the economic recovery. Lost of respect in the global market, US currency devalued, increase in the cost of imports b/c of supply/demand, fewer US exports, etc.
i feel like we need to get together and be a hole
Economic downturn will lead to increased rates of homeless, crime, and even hunger. It will also increase the dependency of some on organizations or programs like welfare which is another topic on its own.
The economic downturn will cause more Americans to be unemployed and jobless. As more Americans become unemployed government spending will also increase as more people begin entering welfare and other social programs. More government spending will lead to more debt which will create more economic pain. If things do not change America will no longer be considered the number one superpower.
Its absolutely tragic. We are all struggling right now. and to think that our children may have it worse is heartbreaking
that is possible hopefully it will turn around and we wont have to deal with that. If it does happen just take it a day at a time