Buyers Are Us

There are very few people who do not feel the weight of the economic pressure upon them or someone close to them. People all around us are going through tough times because of gas prices or layoffs. Nearly 2.8 million jobs were lost during 2008 and many others experienced pay cuts; many others such as my sister who works for a Japanese technology company. Many questions come to us when we think of today's situation such as "Am I going to be OK?" "Are the savings going to pull us through?" or "Will I have enough to last till payday?" One question that we must ask ourselves is"Was there anything I've done to prevent this problem" I agree that big corporations and bad business practices are a major contributing factor to the economic crisis, but we ourselves need to be held responsible too. In an article by Lex Loeb, he explains why as consumers, we must think of our actions and how it has affected the economy. As I read his article, I became convinced that this statement holds true. Loans are a bittersweet gamble in today standards and credit is a direct example of this. There are a very few people who I meet that are not in debt either from credit cards or loans of some kind. It should be common sense that we should not buy for what we can not pay for, but with that card in our wallets, that LCD flatscreen T.V is a must.

http://www.associatedcontent.com/article/1238258/unsecured_loans_the_formula_for_economic.html?cat=9