Should i worry about the recession?

Question

thanks all, I genuinely appreciated all answers as I really dont know what to think about this so called recession. Thanks all!

Answer 1

i think it will affect every single one of us in the UK in one way or another..means you will have less cash available to spend on things you enjoy.Food,fuel,heating will be more expensive to start with,,your £ will buy you less,so ,yes you will be affected..

Answer 2

To be in recession you have to have two periods of negative growth last period we had zero growth so technically we are not in a recession but all the factors are there for us to be in one.

I would not worry about something that 'in theory has not happened yet.'

One thing that I would do though is get a degree in a field that is in high demand like medicine, law, education etc., if you do this then you are guaranteed a job at least somewhere in the world.  

Answer 3

I see no 'bottom' in sight..  there is nothing, really, supporting our so-called 'economy' - nothing but.. ashes.

The mess was created by forcing the flames of 'growth' by importing millions upon millions of illegals..  because America since the late 1960's had a steady-state, no growth populace.  And you must realize that capitalism absolutely MUST have 'growth' or it will collapse.

That's why America's population will nearly be double the 1960 count in our next census.. 2010.  And very nearly all of those added 150,000,000 people are due to 'immigration'--  Add to that the millions of jobs outsourced (to boost profits) - and here we sit..  probably 320,000,000 people (2010) and where do they work..??  The jobs.. outsourced.

I would be very, very worried..    

Answer 4

we should all worry about it  

Answer 5

it could affect the ability for you to make ends meet while studying and later there could be no job for you when you qualify due to cutbacks

so yes it could affect you

Answer 6

you should worry if its affecting you, and if it were, youd know by now

Answer 7

Recession can affect your future job/career plans.  You may find it difficult to get a job upon graduation.  

If you have enough money to cover school and your living expenses until graduation, you probably have little to worry about until graduation.  If you are depending upon your parents' current income(s), then you have a problem if either or both parents lose their jobs.  

If you are counting on student loans, be aware that funding for student loans is becoming very scarce.  The spring bond sale to raise money for Sallie Mae (federal student loan programs) only sold one out of 15 tranches.  

There is a liquidity crisis, which underlies recession and is far more serious than typical cyclical recessions.  Assets in many classes are declining in value (notably homes, but also stocks, commodities other than those in short supply like foodstuffs, bonds, etc.)  Meanwhile, routine survival costs are rising due to overpopulation and shortages of food & energy.  The real danger now lies in depression, not recession, since the underlying problem is an excess of debt -- far beyond the government's or most people's ability to repay.  

If your college funds are invested, be careful where they are invested as they could lose a lot of value very suddenly.  Make sure your rent is protected with a lease to protect you from sudden rent increases as costs rise.  And be very careful which bank you use as a great many banks are heavily exposed to debt-based securities (CMOs, CDOs, etc), most notably CitiBank, Bank of America, and Chase.

Answer 8

Why worry about something that you can't do anything about?. All you get is wrinkles and grey hair.

Answer 9

The university fees could increase to cope with tough economic times, and if you rent privately, cost of rent might go up as well.