If you're one of thousands of New Yorkers who are currently facing financial trouble, you are definitely not alone in your struggle. In recent years, the U.S. economy has greatly fluctuated, first plummeting then slowly rising back to a more stable position. Economics typically falls under three main categories: global, local and personal. You may notice that each of the categories impacts the other. In short, if the U.S. economy takes a hit, your personal finances might suffer as well.
Understanding the common causes of financial crisis may help you avoid problems. However, it's not at all uncommon to encounter financial challenges at some point in your life. How swiftly and fully you are able to recover depends on several factors, including what type of support resources you access to help overcome immediate problems and move toward restored financial stability.