Inflation directly boils down to the individual citizen who has to spend more on goods and services as the cost of living escalates. Crime rate has been increasing as a result of the high cost of living brought about by recession. This is as a result of many students resorting to theft and fraud in order to get an extra dollar for their upkeep and tuition fees. This will lead to student living with fear as their property is always at risk of loss and they are afraid of being harmed due to the violence that is associated with stealing.
The rise in crime rates will affects the concentration of students as they cannot fully concentrate on their studies because of concern on the security of their property. Crime rate also brings about insecurity around the campus since the affinity of students to steal has risen.
This creates an in conducive environment for studying and thus the students grades will drop significantly. Parents are not able to support students effectively because some have lost their jobs due to employers downsizing firms. This will cause a degree in performance of students because low standards of living give the student a hard time and thus they are not able to have concentration in their studies thereby affecting their performance in class.
In order to achieve good grades, peace of mind is essential to be able to grasp what is being taught during lectures and personal studies. This is evident by a survey done about the recession and its effects on students, where it reported that one in four students would receive less financial support from their parents or guardians as a result of the recession. A survey done about recession effect on graduate employment shows that many students are scared that they will not be able to get employment when they graduate because of the recession.
Students will become extremely demoralized when they work so hard to get perfect grades, only to realize that there are no employment opportunities for them in the job market. This makes some students even drop out if college to start self proprietor businesses in the attempt to make a living. Or in other cases, drop out completely since they cannot be able to pay bills as they no longer participate actively in part time jobs which initially enabled them to pay some or most of their bills like housing and school fees.
They started only in April-May or September-October that is usually explained by the agricultural reasons. Since in the U. It is well-known that December is the month of Christmas shopping. Next year, as well the amount of housing construction decreased sharply. In mid January, the largest bank Citigroup announced a huge loss for the fourth quarter. The second-largest bank, Bank of America, has reduced its profit in compared to the previous increasingly. The budget deficit remains huge.
The recession in United State is a hit to the global economy. How does a shareholder, for example, of a Japanese car factory having heard about a recession in the United States behave? He is trying to sell shares immediately as he fears that tomorrow they might be devalued, because the demand for cars will fall. Will it fall actually? It still unknown, but increased supply of shares, in itself, send prices down.
Holders of other shares is thinking in the same way that leads to the decline in stock indices that characterizes the average price of traded shares. Such kind of scenario one can see in the world economy. Loans are becoming more accessible with the lowering of rates, and it creates a hope that more people and businesses put money into the economy. Stock exchanges around the world reacted to the decline in rates, but not very strongly.
This gap separates the two groups creating a distinct social class. Recession has also created social evils in the community. This is because of the increased rate of unemployment. Many people have to find means of survival Bloomberg news, For instance, a parent has to find something to feed his or her children. In order to do this, he or she ends up engaging in social evils like prostitution and robbery.
In America, the rate of crime has increased significantly due to recession. Statistics indicate that prostitution is on the rise together with the black market Masko, Additionally, most people who are committing these crimes are doing it for survival to providing food on the table for their families. In the aim of searching for solutions, most countries are trying to bail out their companies from bankruptcy so that they can be able to survive in the tough times of the economy.
Another solution to the problem that the government is trying to use is through increasing taxes. This is for the purposes of reducing inflation in the country. This way, the government will be able to collect money in circulation thus reducing recession. As a result, the rate of inflation will be reduced.
Lastly, all nations in the world are coming together to help those countries that are mostly affected. This is because it is a global thing and as a global society, we must help one another. Eventually, stability will be restored in every corner of the world.
Free economic recession papers, essays, and research papers.
Introduction Recession can be defined as significant decline in general economic activity extending over the period of time.
Research paper on effects of recession on consumer buying behavior. Example Essay on Effects of Recession on Students: (College life has many challenges that lead to a combination of problems that are propelled by inefficiency.
Free Essays from Bartleby | Introduction Greece’s unemployment rate has hit another highest record in May , which is %. Greece continues to suffer. Recession essay deals with he melting down of the economy which started in the US and gradually spreading to the whole world and the whole world experiencing a severe credit crunch. Recession essay defines recession as the decline in GDP which is Gross Domestic Product of any country for two quarters- it is the value.