As I reflect back on the financial economic news of the past few weeks, I recognize that the state of the economy has an impact on all of us. How we spend our money in these uncertain times takes on a whole new dimension when we are making lifestyle decisions.
On Friday, August 5, one of the nation’s largest credit rating agencies, Standard & Poor’s, took the unprecedented step of downgrading the credit rating of the United States government from AAA to AA-plus.
The action dealt a significant blow to what has long been the world’s largest and most stable economy. Wall Street reacted to the news with a roller coaster ride of ups and downs that mirrored the moods of investors shaken by fears of another recession.
The truth is that the state of our national economy affects us all. As we are anxiously waiting for the economy to recover, I am very interested to hear from you about how you are changing your lifestyle to ride out the storm.
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