The Economy is what keeps our country running; when our Economy is booming that is when the country is at its best. There are many aspects of the Economy, Stocks and loans are a major part. Many people around my age deal with loans and students
I interviewed some friends about what the economy is to them and what student loans mean to them. My friend Gavin said,” he believes that student loans are a great thing for our economy because it allows for people who have the low economic state get the chance to go to college and get a degree to better themselves.”
There are some pros and cons that come with student loans that make a lot of people question if it’s worth doing. I personally think it benefits those who put it to good use and get a degree out of any pay their loans on time. The benefits allow those who can’t afford to pay for their college tuition to go and get a degree and be able to become successful and stable after they pay back their loans.
Stocks are also a major part of our economy and a lot of people rely on the stock market and put a lot of money into it. I asked my girlfriend’s dad about the stocks right now and what he thinks about the corona virus’s impact on the economy. He said, ” I would invest right now but the market is so uncertain with the virus going on and I don’t think it is very smart to invest at the moment”. The stock market is a very risky thing to take a chance on and a lot of people invest their life earnings hoping to get a big return- when really you could lose everything.
The economy is struggling right now and it is very hard for people to find supplies to help combat the corona virus. My Brothers girlfriend is a PA at a dermatologist and she said, ” we have to cut back on using rubber gloves because they’re on back order and very hard to get”. Without being able to bring in products and have them able to be sold it is impossible for the economy to do good when you don’t have the supplies to sell.