But during this economic recession, college students have been having a difficult time staying in the college path, especially working class students. The lack of moral support from their families prevents these unfortunate students to finish their college education. The increase of college tuition and limited financial aid are causing students to go into debt, making them hesitant whether they should keep studying or not. Also it’s preventing students from picking needed major but because the low paycheck they are not sure if they will be able to be sustained. But college drop outs also can able be due to the unequal college preparation given in high schools.
Bridgett Mortgage Crisis Many Americans are feeling the pain of the recession that we are currently experiencing. Among those people, a majority of them are dealing the mortgage crisis due to the Adjustable Rate Mortgages (ARM). I can personally vouch for this because I work for a credit union and assist members with all sorts of problems, which many are related to their mortgages. The ARM program is targeted towards people who want a low interest to start out with, but as the years go on the interest rate can increase with the adjustable rate index. An ARM is normally used for a short term and not meant for the people who do not plan on selling their homes.
It seems that they are not able to make it financially on their own. I know that it is not only my children that are having a hard time, several families are experiencing the same issues with their children. Reason 1: The kids don’t make enough money to afford rent and basic necessities Evidence 1: Today’s economy: In today’s economy it is getting increasingly harder to survive financially. Wages
Learning Against Grades In this society, students are encouraged to pursue a higher education after graduating from high school. Yet, each individual has a different reason for desiring to move on to college. Students attend college either because they want to increase their knowledge, get a decent paying job after college, or they just want to get the “college” experience instead of going on to the working force after high school. As a first-year college student, I pictured college to be a “… place for learning and growth…” (Jerry Faber, 387), but I was slightly wrong. Everyday I stress over earning a good grade in my classes, instead of being driven to learn the material of the course.
Our education system has not improved with the times. The world has caught up and the US has yet to realize that long-term investment in schools and teachers is the best pay off for a worker and the country. Now the jobs are left with are the upper class people who are "symbolic analysts" using "mathematical algorithms, legal arguments, financial gimmicks, scientific principals, psychological insights," and other tools that usually come with a college or graduate degree. Then we have our lower-class comprised of low-level service jobs like waitressing, house-cleaning, security guards etc. Decreased social mobility is hard on the lower class because without being able to move forward, they are stuck in a cycle of poverty.
The recession of 2007 and 2009 has affected everyone, but mostly middle class people are the ones who are hit the hardest when it comes to economic troubles. Oil prices and inflation of prices in other markets had affected the middle class’ confidence in product consumption. With less private spending, an economy cannot thrive. That is why it was important that the tax cuts were issued to help increase this spending. If people spend more then more jobs are created and business investments are made to further help increase total GDP.
Homelessness September 8, 2011 Abstract Homelessness is becoming an increasing problem in the United States. Loss of jobs and decreasing wages since the recession have contributed to this increase. Veterans and mentally ill people do not get the support they need to maintain their own housing. The government helps some of these people but it lacks the funding needed to help everyone who needs it. The United States needs to find a way to put more people to work at wages that will enable them to afford housing.
This however, does not sit well with people who are becoming unemployed or who have seniority at their current jobs. Attending college is neither cheap nor convenient when you take into consideration that a lot of the employees who have been working for so long. In their brains they just are given a task and do it. They do not have the drive or means to set time aside to go take day/night classes, to keep up with and adapt to the social and economic changes. Plus, you have to take into consideration that a lot of these people have a full table to support at home.
The food supplies in adolescent’s households are scarce and they depend on friends and relatives to provide their meals. They turned to government assistances for help. Food stamp cards and welfare checks are provided in low income homes when the adult is high school dropout. Many high school dropouts do not have enough income to buy their own cars and many have to use public transportation to get
Some great examples are the great depression and even today's recession. So many people in this country today are struggling to find steady work. Many of these people are highly educated that come from very well off backgrounds. A lot of these people are taking jobs that might pay a quarter of their previous position. This is the reason why so many people in today's economy are losing their possessions through foreclosure or having to file for bankruptcy just to keep a vehicle or house to live in.