investor business plan, With unemployment continuing to increase, home prices falling as a result of surplus of inventory, as well as small business lending at a standstill, this particular recession doesn't seem prone to end soon. The recuperation will be slow and People in america will certainly not enjoy the wealth of a few years ago for a long period to come.
It's not just those who claim to know the most about finance who think this way. "Half the population in [a] new ABC Information poll thinks both work security and retirement potential customers in the years ahead will stay worse than their pre-recession levels. " ("Poll: Much less Job Security is the 'New Normal, '" ABC Media The Polling Unit, 06 15, 2009, analysis through Gary Langer) This self-confidence, or lack thereof, is an essential part of an economic cycle. The actual analysis goes on to say, "Those diminished expectations - as well as the pain of the current recession - are fueling retrenchments in consumer behavior which could fundamentally reshape the economy. inch