The Recession.

We all know that the recovery from the most recent recession seems never ending. Ever since economists have stated that we are in a recession, many people have lost their jobs, lost their homes and have cut back on many spending habits. I have even been shopping in high-end stores and I have over-heard people saying, "Don't designers know that we are in a recession. Look at these prices!" The standard of living for many have gradually dropped and people are learning to live on a budget. I sympathize with the innocent people who have lost their jobs or have merely cut back on their spending habits. Ever since the recession happened, I constantly think of how I can save money and being more conscious about my spending habits. In a recent article by Social & Demographics Trends, the researchers have mentioned that the birthrates have even declined in the recession. Many feel that they do not have the investment needed to raise a child in this economy.
But, analysts have stated that the end seems closer than expected. MarketWatch agrees that the economy is growing, but it simply takes some time. The economy will not go back to it's old growth patterns, however, there should be high growth rates in the near future. Hopefully, people learn from history and we will be able to avoid future economic recessions.