Job layoffs and unemployment are up, the difficulty to acquire a new job, employed Americans can lose work hours, raises are not given, and benefits are limited.
Because of the lack of money and job security, millions of people all collectively feel a fear for their lifestyle and stop spending, which in turn, slows the economy even further.
But the recession will end and the economy will come back up.
Those with secure jobs, ample savings, a strong financial sense, and a good educational background will do well, even in face of this economic hardship.
However, is that you? Are you debt free, with a nest egg in your savings account, a distinguished resume incase you lose your job with high pay and good benefits? Are your cars and house paid for along with all bills up to date? What ways will you use to thrive during the recession? Like most Americans, I am sure that is not the case.
And it's okay, we learn from our parents and educators and if they aren't soaring high in success, then most likely, we won't either.
So then, how do we stay afloat while so many of our neighbors and friends are sinking? Well, we must be smart and educate ourselves about the different options available to us on a myriad of areas that affect our daily lives.
There are some great buys in the housing market right now.
Banks are offering loans at all time lows.
Automakers and dealers are offering incentives for making that new vehicle purchase.
You can even pick up some cheap electronics as fire sales are occurring at bankrupt retailers and those hoping to stay afloat during this economic hardship.
Aside from getting some great deals, what are some ways that you can thrive during the recession? You can find ways to spend less each week and earn more money.
By saving money in your everyday life, you provide excess money for savings, getting out of debt, or having the money to take advantage of the great deals available when making a purchase.
Before going shopping for these great deals, padding your savings account, or paying off debt, we need to learn the ways to thrive during a recession.
How to receive free offers from major stores and companies on products we buy everyday.
Where to receive free food and meals in our area without it being charity.
How to save on our weekly grocery bill and eat healthier.
How to create a budget and the smart way for getting out of debt.
How to save money at the pump.
And additional ways to make money.
Then, we will be thriving during the recession! Keep studying and becoming educated.