Mar 5, 2009

MONEY, MONEY, MONEY, MONEY, MONEY...MONAAAAY!!!

My Experience With The Current Economic Climate

In this day and age, the economy is unstable, unreliable, and has caused countless sorrows. Money is the root of all our problems some say, and I agree. But that is not all money causes; it also causes tremendous stress and anxiety. Even though I am only seventeen, I feel the economic pressure with the onset of college. The college I hope to attend next fall is going to cost me approximately 50,000 a year, and around 200,000 for the entire education. Even without a tumbling economy, this is an incredible amount of money. But the reality of the situation is that the economy is only getting worse.

I use the bank known as Washington Mutual and my parents have been saving money there for my education for as long as I can remember, but it was all for nothing. The bank used our money, and lost it in the stock market. My college fund went down the drain and now for me to go to a respectable college or university, my parents have taken the majority of the money out of my other four siblings’ college savings and transfered it into mine. This should not have even been necessary in the first place, but now we have no choice. So, in order for my siblings to go to college, I need to find a way to use as little money as possible for my education. The weight has been partially put on my shoulders and I am only too aware of the weight of the economy. (I can't even imagine the stress this is causing my parents)

I am not the only one. Some of my friends on my club volleyball team are in similar situations and are applying for scholarships that are worth only 200 dollars! I have to wonder, when is this crisis going to end? And why are teens under such stress from the economy? All I know for sure is that something needs to change in this country, and it needs to change fast.

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