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Growing Stability Of The United States Essay

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Growing Stability of the United States When it comes to financial stability, how stable would you consider yourself to be? The truth is, the majority of people are not really sure which of the economic class systems they fall into. Many believe they are better or worse off than they actually are, not truly knowing how the other economic classes live (Francis). Economy is defined as the system in which goods and services are produced, sold, and bought in a country, along with the careful use of money and resources (Economy); based on this definition, it is safe to say that economy is very closely related to the financial status of a country. Over the years, the United States has accumulated more debt than any other country in the world, therefore meaning that its economy is decreasing. So with all of this being said, how important is having a good financial status? The financial status of a country generally determines its allies, trade items and cost, and likelihood of coming out a war successfully. Since the United States and its citizens are becoming financially unstable, the public needs to focus on improving the country’s economy because the United States needs to reclaim its authority and power. Economic Background In order to improve the financial stability of the United States as a whole, we must first look at the financial standings of the American people individually. According to the Census Bureau in 2012, approximately 42.6 million people (roughly 15% of the

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