Recovery Stage

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Recovery Stage
Norma Morales
nmorales1361@yahoo.com
Content

Introduction…………………………………………………………………………...page

Subtitle 1 ……………………………….………………….………………………… page

Subtitle 2 ……………………………….………………….………………………… page

Conclusion………………………………………………………………………....... page

References………………………………………………………………………....... page

Recovery Stage
The economy has shown signs of improvement over the last couple of years. For example, the housing market has begun to rebound with property values starting to level off and home sales increasing. However, the growth factors pale in comparison to those suppressing the economy as a whole. The current macroeconomic situation is one of concern about the country’s ability to turn the economy around in light of the constant threat of cutbacks in government funding, inflation, and continued high unemployment rates. The recent debt ceiling crisis that has yet to be resolved is proof of the nation's dire straits. At the end of 2012, the country hit the 16 trillion dollar debt ceiling. Although the consequences of this occurrence can potentially impact every U.S. citizen in a negative way, it is not a concept most can relate to. That is until the government is unable to fund the programs providing services to those individuals. A more obvious sign of the state of our current economy is inflation. Pass any street corner and the familiar Mobil, Shell or BP signage is bound to shock every driver. From one day to the next, the price can increase by up to $0.20. Current prices are averaging around $3.70 per gallon for regular octane gas. This has a very direct and detrimental impact to consumers and in turn the economy. In the proprietary education industry, for instance, that generally caters to a lower SES population, attrition starts to increase as students are unable to afford the gas to get to school. Already financially challenged, they have to make the choice between gas to get their children to school or to get to work and...
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