Lately there has been a continued concern about the possibility of a “Double-Dip Recession” in our near future, and recent talk from Federal Reserves is less optimistic about the hope to escape that possibility.
According to recent reports, the economy has had a good struggle just trying to make it into first gear to get out of the recently passed recession, and now there is evidence pointing many to believe that the progress may even get pushed back into reverse.
The main concerns lay in the facts that:
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Unemployment is steadily remaining high
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European counties are cutting budgets and raising taxes
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More and more consumers are turning to saving instead of spending
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Due to all of the above concerns, stock prices are continuing to fall
Despite congress’ stimulus spending in attempts to try to get the economy moving, many economists are predicting more struggle ahead, and many individuals are finding themselves in difficult situations.
Many are searching for advice, though at this point it is still difficult to know what we as individuals should do.
