answersLogoWhite

0


Best Answer
  • The economic crisis in Western countries is worrisome to adults. If married they worry one or both of them may lose their job (especially the father of the household); struggling to meet bills; keep paying the mortgage or, if they own the house paying taxes on their home and property; trying to give their children a decent education; health care is expensive especially in the United States and these strains can cause some families to argue to the point of breaking the family unity apart often ending in divorce or at least spousal abuse in some cases, not to mention sometimes addiction to alcohol; gambling or drugs. If a single young adult the future can seem bleak and even with a good education jobs can be scarce depending on where they live or they may not have the money to further their education. They also may have to pay high rents; have utility; phone and cable bills and health care and try to keep whatever contents and properties they may have which can often lead to credit card debt.
User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How does the economic crisis affect families?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How can economic globalization Affect your life or your families?

economy has a big impact towards your life, it can change your lifestyle and actions, however economic globalization can affect the life of yourself and families by; given a reduction of usual cost of money, level rises of v.a.t. and not enough to spend on families or others.


Do you agree that we are now in the economic and financial crisis?

Yes I do believe we are in a economic crisis


How did the Nazi's affect Germany?

they brutally killed thousands of Jews, believing thy were the cause of Germany's economic crisis.


Is high education the solution to economic crisis?

Personally, yes education is the solution to economic crisis.


Is Ireland having a crisis?

yes! economic crisis


When will the crisis over?

You have to be more specific when you are talking about "crisis". Do you mean the economic crisis?


What are the release dates for Lifestories Families in Crisis - 1992?

Lifestories Families in Crisis - 1992 was released on: USA: 19 September 1992


How do you think the economic crisis would affect our university?

It would probably make them raise the fees a little bit but it is unlikly that it will close


What is the difference between a financial crisis and an economic crisis and which of both affects the other most?

A financial crisis is when wall street and the banks are failing. An economic crisis is when there is high unemployment or a recession.


Does credit have anything to do with economic crisis?

The economic crisis has severely affected the availability of credit. It is also termed as the credit crunch.


How Does the American Economic Crisis Affect Canada?

One of Canada's main sources of income is trade, and 80% of all its trade is with the USA(and 70% of its imports). The USA has been badly hit by the economic crisis, and since Canada is majorly dependent on the USA, Canada too has been affected.


The daWES PLAN OF 1924 SHOWED AMERICAS?

concern over Germany's economic crisis