Yet again oil prices are on the rise...which means fuel prices are going up as well. Because more money has to go to gasoline, less is being put towards consumer spending to stimulate the economy. Unrest in Middle East countries has halted oil production, leaving the U.S. with no choice but to raise the prices on the oil they do have. In addition to oil, a housing market that had a few sporadic increases is now headed back in a downward direction with people now owing more money towards their households then they are worth. One family was only able to afford sending one child to summer camp this year, because it was all they could afford in the midst of their shared money struggle with the majority of families in the United States.
To read more go to: http://www.nytimes.com/2011/02/25/business/economy/25econ.html?pagewanted=2&_r=2&hp
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