As we know the U.S dollar had hit us hard because of the corona virus and people were going crazy. The last a couple of months was crazy. America was printing out so much money. For instance, The stimulus checks we were recieving was the cause of it and people lost their jobs. Over 6 millions americans lost their jobs, homes and bank accounts. I have to admit this effected me to because I know people who lost their jobs and getting their bank account wipe out because they couldn't pay their bills. The only thing happen to me is that my job cut my hours because they couldn't pay everyone. This is so scary and crazy because that happen to 40 million americans. The percentage of this about 14.7% that is very scary and sad at the same time.
AS you can see these numbers are very scary and people don't know what to do because they lost everything. When employment is high inflation goes up and the value of the dollar bill goes down. I remember a couple of months ago food was so expensive and I was getting mad because it was not making any sense. I was in the supermarkets and people were getting upset and arguing everywhere. A couple of months past I noticed that the economy was getting better because jobs were opening up again and people start getting better hours from their jobs.
I notice that was when I was looking at the news they kept talking about the dollar being down because people were not working, inflation increasing and people are collecting employment. In addition, they was mentioning how the government was printing so much money because Americans don't have any money. Honestly I think the reason why the last couple a months ago the U.S dollar went down because of the stimulus check and all of the programs that came with the stimulus check. There has been studies that has shown that the stimulus cause problems with the federal reserve bank because that money has to get approved and kind of mess things up alittle.
This graph shows the ups and downs of the stimulus having a negative impact on our economy causing things to be out of order.
However, the past couple of months the dollar has been increasing because the economy has open up and people are going back to work. That is good thing because people lives can get back to normal and people can live a better life. over 100,000 jobs has open up and they are offering fulltime and part time jobs. That is a good thing because people can get their saving account back and they can help out their families out. What I learned from this time you always have to second source of income, I would talk about this another article.
When I saw this I was extremely happy because this shows that U.S economy is improving and things are going to get better. This how that more jobs are going to open up and more people can save money and help their families. In addition, inflation can go down and we don't have to worry that much. I'm so glad the U.S economy is improving and people are doing a lot better than before even though things are still rough.
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