Question by  tenarella (26)

What are economic issues going on right now?

I need to do a paper on the current economic issues and how they are effecting the middle income families.


Answer by  Roland27 (16334)

Many people are losing their jobs or their hours or wages are being cut which in turn is causing them to lose the health care that they got from their jobs. Many people don't even have any insurance. Others are having to cut back on things like food and other important things.


Answer by  Javaholic (227)

A current economic issue involving middle income families could be the impact of downsizing on spending power or spliting the middle income class into upper and lower by job loss.


Answer by  Cathy65 (652)

Some current economic issues are high unemployment, inability to get loans, and sluggish home sales. We are also in a time of consumer volatility. Consumers are not spending due to decreased income. Governments are unable to balance their budgets which means they have to cut services or raise taxes. Banks are also have difficulty.

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