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The State of the Economy: Everyday Americans Hurting
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Americans adjust to fear and hard times as the holidays approach
- Duration 4:03
- Date Oct 28, 2011
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Americans adjust to fear and hard times as the holidays approach
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-- in the academy two of the biggest issues keeping people up at night from health insurance and -- to the worries are piling up with -- bills.
Good Jenkins hits the ground as people from across the country how these tough times are affecting them.
Right.
Many Americans are breathing a cautious sigh of relief with the news this week that our economy the world's largest has finally begun to grow.
But -- this -- face of two and a half percent in the fact remains unemployment is still over 9% and in many places even higher.
In some folks are feeling the impact.
I think it's affect everybody tremendously in terms of just fear of job security fear of the future -- paying for college.
Three months I was working.
And then ten months previous to that I was not so it has been very fluctuating.
And without -- last -- in college right now and tuition payments still do it's it's been tough.
This show in the American.
-- system.
And she had that should have a job and I have absolutely live theater is so -- they -- I get there and everything is on my children zone.
Because -- and she's trying she's looking is that I she's seeking a home she tries and skilled team of habitat I think we're just.
As a teacher I'm a little worried about our state financial situation.
And -- being a teacher and having -- restrictions.
But certainly personal household budget.
We've had.
Be Smart with.
It appears we're gonna be working a lot longer maybe than we thought we woods.
Has you know that everyone's retirement even pastors is affected by that.
It didn't ask you know we've got to make a lot of sacrifice that is.
-- she decided -- has been -- very good job offer here and we decide to sell our house that because of the economy and because of that.
Them down market now where they're losing -- 60000 dollars and -- now.
Slant certainly travel is really important for our family and we had to cut back from that we've had to -- back and anything you know guitar lessons and cast -- access things that enrichment.
That we just can't afford any mind.
It's a definite concern and when you when you think -- -- and now it's.
You think guide it's it's not that it's not the best conditions when you think of what it could be in the future of being young person thinking of you know if I wanna raise a family something like that.
There's a dozen definitely questions that you -- yet to ask yourself of you know is this even and what do you wanna start off innocently that's -- you want and bring people into something that.
Who knows how -- how bad it could get.
I'm from Michigan jazz are definitely hard I work somewhere where we help provide people -- Affordable housing.
So I can definitely tell because -- get to see it every.
-- time people are hurting my wife has had some issues.
You're going in and out of jobs because of layoffs.
It's -- Luckily I'm one of the ones that actually has a job and some benefits to go with it but -- that's.
That's not the common story.
-- -- -- Catalog my clients who are not working right now they're they're collecting unemployment summary contract thinks that -- building homes.
And it's really affecting my business as well I don't necessarily -- the president nearly as much as a new congress say I think if they just work better together.
Had a little bit more realistic expectations of what the average American lives like I think many of them are.
But I would consider an average based on their income in their lives on the way they grew up.
And I just don't really think -- quite understand what the average person is is going through.
It really has affected us my husband lost his job two and a half years ago.
And we decided.
To heck with that we're gonna go ahead and come to Washington and see the -- because there's a lot of free things here.
Our biggest problem he does have a temporary job but there's their benefits our biggest problem is health insurance he just turned sixty.
And his premium is 18100 dollars a month I know this sounds ironic but it's gonna kill us the premiums are gonna kill us.
Coming up well.