Recession and College enrollment rate
The present time recession has led to differential effects all over the globe affecting both the public and private sectors. It has however greatly affected these sectors within America, Europe with Asia being the latest casualty. Notably, this has resulted to high unemployment rates because of higher operation costs among the vast majority of industry players in the government and private frontiers.
Economic recovery pace after recession, more often than not, is slow making households and industry players more susceptible to other stressors. In deed, as clearly articulated by Schultze and Lawrence (66), allude that this has been and is still one of the worst forms of economic down turn to have affected the economy on such a massive scale. They wonder whether economic contraction or meltdown is an inevitable reality that people should be prepared to face at any one given time.