Are We On Our Way To A Really Big Economic Crisis

Category: Finance.

If you think it might just be your imagination that money is not going quite as far as it used to, well it is not your imagination at all. When you visit the grocery store and your cart is one fourth less full than it was just six or eight months ago, but the cost is as much as a full cart, we have to realize that things are not getting better yet.

It is a cold hard reality that many of us are just now waking up to. It has became an ongoing debate between various politicians and financial analysts on television as to when this economic crisis, for those that are actually calling it a crisis, will be resolved and send the economy back in an up swinging direction. As Americans we have probably not been this alarmed by the rising costs of things in a long while. When you are paying over three dollars a gallon for gas and four dollars a gallon for milk, something is moving in the wrong direction. Many of us do not have the knowledge it requires to dissect what actually causes these kinds of seemingly sudden down spiraling states of economic affairs. For those of us who are already used to living on a pretty tight budget, this only means that we have to now find ways to tighten our belts a little more.

One day things are going well and within a few months people everywhere are becoming really money conscious and conservative. This can have devastating consequences for some people who have up until now been barely hanging on. It might be a necessity for some that already work hard to find that second job whether they want to or not. Cutting back a little more seems to be the only way to survive this most current rise in living cost. That is, if they can find one. A lot of companies are laying some employees off and some are doing away with certain job positions entirely. It seems that is one area that has declined instead of risen.

Are we on our way to a really big economic crisis? Would we have the grit to endure it and come out the other side as well as generations before us did? If things were to ever get so bad again as they were during the great depression, how would our generation deal with it? It is really hard to tell how we would fare if things get that bad. People do crazy things when they get scared. The best thing we can probably do is not to panic. Hopefully this is all just a passing thing and we will still be able to keep on dreaming that currently illusive American dream.