
In the last few months there has been talks about our country heading towards a recession. I never really understand the term very well, so I needed to better understand its definition. According to Merriam-Webster"s Online Dictionary Recession means : the act or action of receding, second a departing procession (as of clergy and choir at the end of a church service), and lastly a period of reduced economic activity. So the news is talking about economic, the more money the consumer spend the better off the economy. But recession is just the opposite, if the consumer is spending less, business than cut back on output. This could even lead to cutting jobs, which increases unemployment. But does this have an affect on a person health, create stress and even of loss health insurance. Not likely, according to Ryan Edwards, an assistant professor of economics at Queens College in New York. Edwards said they use that time to de-stress and take care of themselves. In addition to loss jobs, less work hours and smaller pay check can lead to less take out food, and more home cooked meals. Plus with more time exercise, and quality for oneself.

No comments:
Post a Comment