Now that I am 30, here's where we are economically; we have continued on the same economic path that we have been for the last 10-12 years. We still have a giant deficit, and the economy is very slow to improve. Its very hard to pay off student loans because students just don't have the money to do so, and nobody can help with it because no one has the money. Struggling Individuals and families are forced to pay for a college education, yet don't have the money, so they are stuck with the burden off taking out loans and paying these loans off for many years. Its hard for kids to pay for schooling, so they are having to take out loans, which take years and years to pay off.
Due to the weak economy, it is almost impossible for people to find jobs, especially whom are right out of college. People are forced to make lifestyle changes like finding a cheaper place to live, sell their cars, and spend less due to the fact that they have very little income. It is very hard on people because they don't know what to do and they can't do much to improve it by themselves. The economy has gotten worse, but it has stayed about the same for the past two or three years. In order to improve our economy and our massive deficit of $21 trillion, people are going to have to make much smarter choices financially. Due to the great amount of debt, businesses are struggling which ends up effecting the general public.
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