The cost of living in America

       Having lived in California my whole life it’s easy to see the divide between the rich and poor. Especially in America’s current economic situation, the gap between these two classes is getting bigger.  The group being hit the hardest is the middle class. It is becoming almost nonexistent. With prices of everyday items becoming astronomically expensive and job wages not rising along with living expenses, it is no wonder this country is entering a recession. Over 80,000 jobs were lost last month according to the labor department and the unemployment rate has risen to 5.1 percent up from 4.8 percent. One industry that is doing very well, however, is the oil company. They posted record profits this year. I am surprised as to why there isn’t a more public outcry of the high gas prices. High cost of fuel also make the food we eat more expensive. Everything is a chain reaction. For being one of the most powerful nations in the world, we have to come up with a way to revive this struggling economy.

-Lucine

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Published in: on April 16, 2008 at 12:45 am  Leave a Comment  

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