What is Low Economic Growth? It has been recently discovered that the number one indicator of economic health in the United States has been steadily rising during these tough times. However, there are many indicators of low economic growth, and the US has definitely been experiencing a slow economy recovery. Nevertheless, economic experts are predicting that this slow economic recovery will soon turn into something of a burst, which means a stronger economy and stronger America.
There are a number of indicators of what is economic health in America. The current state of the US dollar, the stock market, interest rates, unemployment, and consumer confidence have all were confirmed as indicators of strength or weakness in the US economy. Now, these things might not matter much if the consumer was confident in the economy and ready to spend. But the reality is that things are not so easy to spend when the consumer is still concerned about the state of the economy. This, in fact, could be considered an indicator of what is low economic growth.
People buy things when they are ready to buy them. And economic indicators tell us that US consumers have become a bit less ready to spend in recent months. Now, it is understandable. Most people are caught up in the holiday season, trying to take advantage of the good deals that retailers can offer by offering sales on everything from electronics to apparel to toys. With the holiday season over, however, it is also time to evaluate the state of the economy before making major purchases. As Americans have taken a cold shower from the heat of the summer, they are starting to realize that it may not be a good time to make big purchases.
Low economic health is also reflected in the number of vacant jobs. Even as companies have increased their manpower levels, and as people have given up looking for jobs, there are still too many vacant positions that aren't being filled. Home-based jobs, which have gained popularity due to the high cost of commuting, are particularly affected by this trend. Homeowners, who have recently lost their jobs, but remain qualified for the position, are now having to take out a second mortgage to fund the home renovation that they need to do in order to keep their existing dwelling on the market.
Another indicator of what is low economic health comes from the level of inflation. The cost of living has continued to increase. Gasoline, food, and clothing costs have also increased significantly. While these higher costs are naturally associated with higher inflation, it is becoming more difficult for Americans to make their monthly grocery budget. As the number of households fall further into the debt cycle, they are forced to use credit cards to pay for their monthly grocery needs, which only makes things worse as the card debt grows.
Another indicator of what is low economic health is the number of credit card debts that have been issued. As the number of credit card users has increased, so has the number of people who have defaulted on their credit card payments. These individuals are considered high . . . . . . risk, and lenders are hesitant to lend money to them. Because of the risk involved, many are finding it more difficult to secure financing for major projects. The result is that low economic health has become synonymous with poor financial management.
Economic security is important to the economy. Low economic health can cause major problems in the business community, and it can cause significant disruptions to the everyday lives of individuals. Economic instability can cause political chaos, which leads to social turmoil. This process can work its way through all levels of government. Economic stability is something that we cannot afford to lose, and it is vital that Americans work together in order to secure the future for our economy and our country.
Americans need to pay attention to what is low economic health. If the indicators are present, then it is certainly a cause for alarm. Many have been able to weather the storm during good economic times, but how will we weather the storm of economic instability? Only leaders from the United States and other nations can solve this problem, but I believe the citizens of the United States have a responsibility to take their representatives seriously.