Our Situation as of Today

Finance has been an area of concern for majority of Americans, especially because of the hard times that we are all going through for the past one or two years. One fine morning we wake up, and suddenly find thousands of people jobless, and the whole economy going upside-down. Now, to be honest, we are not trained to handle these abrupt situations, and hence we find ourselves in great trouble and distress. At work, I have numerous customers coming to me to talk about the outstanding that they have with the bank, and in most cases I find that people are not in a position to pay back the debts. It is not that they do not have the intention to pay back, but it’s just that suddenly they find out that they are running out of resources. So in order to understand the reasons, effects and the solutions of the problems, we will have to analyze each of them carefully, and one at a time.