ASSIGN.+-8

The economy and the world recession is something that is happening in the world today. It has an effect on everybody in the world because the whole world deals with money, businesses and other economic factors. The world basically revolves around the economy. For example, if the economy is bad, people aren’t going to go to the movies as often as usual and if the economy is good, people can catch a movie and maybe even go out to grab a bite to eat. Right now we’re going through an economic crisis and are in a recession. In a lot of families, people are on a budget and aren’t spending as much money as they usually would if the economy wasn’t so bad. The economy affects the way we spend money because we are more willing to just buy what we need instead of what we want. For example, if you only have enough money to buy milk but you also want ice-cream that you can enjoy for desert, you most likely won't buy the desert because you don't need it the way you need milk.

 In the past, there have been economic crisis that we have survived somehow. The United States went through a depression after WWI when the stock market crashed and everything went down the drain. After the depression hit everyone really hard, President Franklin D. Roosevelt came out with a bunch of laws that if we were to get hit the downfall of the economy again, we would still be safe economically, such as Medicaid and Medicare. The depression of the 1930’s was the worst that the United States had survived through, which shows that the United States has the strength to move forward somehow.

The economy can effect business in both negative and positive ways. It can affect a business negatively if it's a small business and is likely to go out for business because people are trying to cut down on buying too much. At the same time, big businesses, such as Wallmart and Costco's are making a lot of money because they can afford to lower prices and with lower prices, more people go buy products. The economy has a great affect in employees because when the economy isn't doing to great and we are in a recession, unemployment rates rise.  "The recession has plunged 2.6 million more Americans into poverty, wiped out the household income gains of an entire decade and pushed the number of people without health insurance up to 46.3 million," report Carol Morello and Dan Keating. [|(http://www.washingtonpost.com/wp-dyn/content/article/2009/09/17/AR2009091701643.html?sub=AR]) In some cases, some people get laid-off of work because the business is not making enough money to pay everybody. In other cases, they might not be able to afford paying you for five or six days a week and might cut down your schedule to two or three times a week of work days.  Because of the economy, people are losing their jobs. There has been a huge increase in unemployment rates, which is a great problem for the economy. The economy affects jobs because many people are getting unemployed and it is more difficult for people to find a job that they want. "  In 2008, 39.8 million Americans were living in poverty, which is $22,025 a year for a family of four. We haven't seen that many poor people since 1960 and it's because many people have shifted from full-time employment to part-time," said Michelle Singletary. (http://www.washingtonpost.com/wp-dyn/content/article/2009/09/17/AR2009091701643.html) People need money now and they are going to take any job they can get, even if it means taking the jobs that correspond to teenagers and young adults. This also makes it hard for a teenager to find a job. Since some of the people that are losing their jobs are adults who have families and need to support their families, they look for any job they can get at this point.