It not only affects the spending power of a person but also creates many psychological problems.
Unemployed people lose their self-esteem, sense of accomplishment, social status and, of course, the way to earn money. Unemployment not only affects the individuals who either do not get jobs or lose their jobs but also affects their families. In America, the percentage of unemployment is touching the highest levels these days. Many employed people are also on the verge of losing their jobs due to economic recession and downsizing.
Mulligan, Casey. “The Biggest Cut in Unemployment Benefits.” New York Times, 28 Dec. 2011. Web. 02 Jan. 2012. .
Questionnaires will be distributed among unemployed people and their families. I will also visit some victims of downsizing in order to get their opinions regarding effects of unemployment on personal life. I have also planed to do in-depth research of all psychological and health issues related to unemployment. For presentation of information, I will organize data and statistics and will present them in the form of charts and tables.
I predict that the results will be quite helpful in giving an exact idea about the impact that joblessness puts on the American families. I suppose that the results will be a bit different from the previous researches due to the recent changes in the economic situation of United States. I believe that the questionnaires and the study of existing researches will be very helpful in conducting a thorough research, which will ultimately help me present a clear picture of the psychological and economic impact of unemployment on American