It is no news to anybody the world over that the American financial system experienced a significant slump of late. This recession has left many Americans unemployed, or struggling to make ends meet in their daily life. Nonetheless, for many countries, this offers a wonderful opportunity. A weak American dollar means that the currency in a lot of other countries is worth more - which means that people in search of an inexpensive approach to attend college can find no better place to go than America.
Nevertheless, this does not mean that it's best to totally forget the economic problems that America has faced. As a university student, you might have more cash to spend than you would attending a college in your native country, but you will likely still have to have a job during your college years to make payments on necessities similar to rent and food. This means that when you find yourself selecting a university to attend in America, take the economic system within the city where the college is located into consideration.
Larger cities specifically have been affected by this recession, however that does not mean they all have. The large cities that have experienced extreme declines in job availability and standard of living are those that have based their economies on a single industry, generally these industries that produce non-necessities such as technology and automobiles.
For instance, Detroit, Michigan has an economy based almost solely on the auto industry. When the recession hit, the auto industry was one of the first to go down, with large automobile manufacturers nearly going bankrupt. This has triggered the standard of living in Detroit to take a sudden plummet - workers for that industry have been left without jobs, and have suffered due to it.
On the flip side, cities that base their economies on more consistently wanted items, such as the production of food, have barely been impacted by the recession at all. It is because though many Americans have much less cash to spend on luxuries, they'll always need things like food and shelter. Cities within the heart of America, notably those that thrive within the area of agriculture, have one of the best economies right now and are the best bet for anybody, including future college students such as yourself, to find a stable job.
Nevertheless, this does not mean that it's best to totally forget the economic problems that America has faced. As a university student, you might have more cash to spend than you would attending a college in your native country, but you will likely still have to have a job during your college years to make payments on necessities similar to rent and food. This means that when you find yourself selecting a university to attend in America, take the economic system within the city where the college is located into consideration.
Larger cities specifically have been affected by this recession, however that does not mean they all have. The large cities that have experienced extreme declines in job availability and standard of living are those that have based their economies on a single industry, generally these industries that produce non-necessities such as technology and automobiles.
For instance, Detroit, Michigan has an economy based almost solely on the auto industry. When the recession hit, the auto industry was one of the first to go down, with large automobile manufacturers nearly going bankrupt. This has triggered the standard of living in Detroit to take a sudden plummet - workers for that industry have been left without jobs, and have suffered due to it.
On the flip side, cities that base their economies on more consistently wanted items, such as the production of food, have barely been impacted by the recession at all. It is because though many Americans have much less cash to spend on luxuries, they'll always need things like food and shelter. Cities within the heart of America, notably those that thrive within the area of agriculture, have one of the best economies right now and are the best bet for anybody, including future college students such as yourself, to find a stable job.
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