The US economy with the beginning of the pandemic has gone through major changes. First, the labor market froze. Secondly, inflation made a huge leap, which led to an increase in crime. The number of homeless people has increased, and jobs in some industries have declined significantly. The unemployment rate in the United States rose to 16.3% in 2020, but has now fallen to 3.4%.
The US national debt has been continuously growing. Such a difficult period for the country occurred during the presidency of Joe Biden. But even under Donald Trump, the national debt was actively increasing. After the restrictions caused by the coronavirus pandemic were lifted and the period of regression ended, life in the United States has become easier. Inflation in the country is stable again, the number of homeless people is gradually decreasing, prices and crime rates are gradually falling.
photo: topcor.ru
At the moment, the United States is on the verge of one of the most exciting moments in its history, even given the mixed economic situation. Interest rates are still high, making access to loans for housing and business difficult. And this, in turn, slows down the development of the country and its economic activity.
And although the future is full of doubts, expert opinions differ. Some believe that the global economy is heading into recession. And others talk about the rise of the market. At the moment, the dollar is the main reserve and one of the most stable currencies in the world. It accounts for 60% of world trade. The American market is the largest with salaries that are difficult to compete with.
photo: bbci.co.uk
For example, a waiter in San Francisco can earn 6 thousand dollars a month, not deny himself anything, and still save 2.5 thousand. Of course, you can’t buy a house with that kind of money, but you can buy the latest model MacBook without extra savings or afford a nice vacation. In America, there are always opportunities for those who do not stop there.
In 2024, presidential elections will be held in the United States. They can significantly influence the state of affairs in the country, and it will be very interesting to watch them. And while they are still far away, there is every reason to believe that it is definitely worth going to live in the States.
