How a Recession Affects You
How a Recession Affects You
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Rosen Publishing Group
Just the Series: Your Economic Future   

Series and Publisher: Your Economic Future   

Annotation: Provides insight into the inner workings of the economy, and strategies for weathering the storm of an economic recession.
Genre: [Economics]
 
Reviews: 1
Catalog Number: #68326
Format: Library Binding
Common Core/STEAM: Common Core Common Core
Copyright Date: 2013
Edition Date: 2013 Release Date: 01/01/13
Pages: 80 pages
ISBN: 1-448-88345-8
ISBN 13: 978-1-448-88345-5
Dewey: 330.973
LCCN: 2012018784
Dimensions: 24 cm.
Language: English
Reviews:
School Library Journal (Thu Apr 28 00:00:00 CDT 2022)

PORTERFIELD, Jason . How a Recession Affects You . ISBN 978-1-4488-8345-5 . LC 2012018784. STRAZZABOSCO, John . How Spending and Saving Affect You . ISBN 978-1-4488-8344-8 . LC 2012017552. ea vol: 80p. (Your Economic Future Series). bibliog. further reading. glossary. index. photos. websites. Rosen . 2013. lib. ed. $33.25. ebook available. Gr 7 Up Highly accessible entries about the often-complicated world of economics. Each book opens with a fictional scenario showing how the economy personally impacts an individual, such as rising prices, losing a job, or delaying purchases. The factors and mechanisms driving the U.S. economy are examined level by level, from global, federal, state and municipalities, big corporations and local businesses to families and individuals. Statistical data, legislative actions, historical events, and expert opinions are integrated smoothly into the clear, informative writing. The texts feature sidebars offering concise supplementary material; large, color photographs, and smooth transitions between chapters. The books focus on how inflation, recession, and spending and saving affect and, in turn, are affected by people, businesses, cities, states, the nation, and the world. The authors provide a balanced discussion, presenting the arguments for and against hotly debated issues such as bank bailouts, federal stimulus plans, and government regulations. These books give excellent overviews of core economic concepts, such as import/export, supply and demand, inflation, recession, and depression. They also promote financial literacy and provide an understanding of economic basics. They take economics from a broad, world view, systematically peeling back the levels (federal, state, city, business) down to the individual. June Shimonishi, Torrance Public Library, CA

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School Library Journal (Thu Apr 28 00:00:00 CDT 2022)
Bibliography Index/Note: Includes bibliographical references and index.
Reading Level: 7.0
Interest Level: 7-12

When the economy slows, a vicious cycle begins. People cut back on spending, so companies sell less and see their profits shrink. Workers are laid off, leading to even less consumer spending. With lower incomes, people pay less in taxes, and the government can't fund its programs and services, reducing the quality of life for its citizens, who grow ever more fearful and less likely to spend money. Now, more than ever, young people need to understand the mechanisms of recession--how it begins, what happens when it takes hold, and how and when recovery begins. Armed with good information and useful knowledge, readers will feel less bewildered by economic events that seem beyond their control and better able to plan ahead for inevitable dips in the business cycle. Forewarned is forearmed, and knowledge is power. This book offers a highly empowering insight into the inner workings of the economy and the secrets to weathering even the worst recessionary storm.


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