Essay on Effects of Recession on Students
Example Essay on Effects of Recession on Students:
(College life has many challenges that lead to a combination of problems that are propelled by inefficiency in service delivery as well as incompetence. These can be dealt with all the same if proper procedures are taken by relevant stakeholders).
As inevitable the recession might seem to be to the economic life of the world, its effects have proved to be more widespread and devastating than we can imagine them to be. Imagine waking up to find firms and industries downsizing their workforce, prices of basic commodities rising by the minute, cost of healthcare being far from affordable, crime rate and insecurity being the only topic of the day due to super high cost of living, and as if not enough, the most important sector of civilization, education becoming so expensive beyond the reach of the modern day small family that tags its future on the little kids dressed in their school uniform hoping that one day they will finish school and get employed with a decent income to bring back home. These forces youth to resort to crude money making methods like selling drugs, prostitution and theft.
The Recession is the period when the economic output is decreasing instead of increasing thus having the effect of reducing tax revenues to the government. This Forces the Government to dig deeper into reserves and external borrowing to suffice its expenditure, thus plunging the economy into debts, causing effects such as inflation. Inflation directly boils down to the individual citizen who has to spend more on goods and services as the cost of living escalates.
Crime rate has been increasing as a result of the high cost of living brought about by recession. This is as a result of many students resorting to theft and fraud in order to get an extra dollar for their upkeep and tuition fees. This will lead to student living with fear as their property is always at risk of loss and they are afraid of being harmed due to the violence that is associated with stealing. The rise in crime rates will affects the concentration of students as they cannot fully concentrate on their studies because of concern on the security of their property. Crime rate also brings about insecurity around the campus since the affinity of students to steal has risen. This creates an in conducive environment for studying and thus the students grades will drop significantly….