$ Ching Ching, Money Over Here $

Financial Crisis. Two words the American people do not want to hear. Monday September 15, 2008 the stock market plunged 500 points. That evening, the asian stock market followed suit. one of the largest banks in the country, Merrill Lynch, was bought out by Bank of America. The fourth largest financial institution in the country went bankrupt. What does this financial crisis mean? And more importantly, what does it mean for the average American? or college student?

The effects of the spiraling economy are seeping their way into the daily lives of Americans, and more specifically, college students. I look around and see my friends getting laid off, we live paycheck to paycheck, we can't afford to go to the doctor, and we can't afford to buy groceries anymore. We are deep in student loans, and the cost of tuition keeps rising. A major issue for young people in the 2008 election will be the economy. It is obviously a major issue for all Americans, but the future of the workforce and the economy is in our hands; we can only wait to see what will unfold.