From the collapse of housing prices to the thousand-point drops in the stock market, the past five years have been full of economic crises. These changes not only affect the overall market--they can also drastically influence your personal finances and day-to-day life. In this easy-to-understand guide, Peter Sander explains how the financial system works, as well as the most important concepts, terms, and programs in economics. Using simple language, he details how the evolving climate will affect world economies--and what kind of shifts you are going to see in your finances as a result.
In this updated edition, Sander also includes valuable information on:
- The housing market and what it may do in the future
- The impact of Obamacare on the economy
- The scope of the Great Recession and how the U.S. is still struggling to recover
- How to take advantage of the economy as it begins to rise again