This is an online journal about me and my life. It is completely nonfiction and will be updated whenever possible. Enjoy this site!
Monday, March 30, 2009
The Global Economic Situation: Tough Times!
So. Tough times! People are say that this is the worst economy since the Great Depression of the 1930's. I wanted to write about it because it affects everyone's lives, no matter what your economic situation is. Some estimates have put the US unemployment rate at 10%. I've heard statistics that put Michigan's unemployment rate at 17% and Detroit's unemployment rate at 22%!!! Note: this is not metro Detroit, just the inner-city. The same article said that the median sale price for a home in Detroit is less than the price of a new Chevy Aveo. For those of you who don't know, the Chevy Aveo is the least expensive car on the US market today, selling at around $12000. That's depressing. So let's get out there and BUY, BUY, BUY!!! I can't right now because I'm saving up for college, but those with lots of money certainly should stimulate the economy in any way that they can.
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