This is extremely hard and I can't believe I'm doing this in 12th grade. Finding an article for economics is difficult for current events. I found something and try to write my summary, but I feel that I am copying a bit too much so can you help me fix my summary? I have to write a summary and my reaction to the article.
Here's the article: http://www.newsday.com/business/americans-struggle-to-regain-their-shrunken-wealth-1.2299147
Here's my summary (please help with corrections): Summary: The article I picked is basically about the wealth in Americans dropping. There have been a lot of debts going on and recession is around trillions of dollars. While stagnant wealth will most likely keep Americans from spending freely, others are saving their money. A reason why economists foresee only small gains of wealth is because they are expecting real-estate values to stay weak. Americans are not spending as they usually do after recession because the housing and stock markets remains to be fragile. There is another reason why shoppers are unlikely to increase their spending and it is because of the faith in the economy is sagging. While Americans are saving are saving 6.1 percent of their disposable income, the debt is slowly going down.
Here's the article: http://www.newsday.com/business/americans-struggle-to-regain-their-shrunken-wealth-1.2299147
Here's my summary (please help with corrections): Summary: The article I picked is basically about the wealth in Americans dropping. There have been a lot of debts going on and recession is around trillions of dollars. While stagnant wealth will most likely keep Americans from spending freely, others are saving their money. A reason why economists foresee only small gains of wealth is because they are expecting real-estate values to stay weak. Americans are not spending as they usually do after recession because the housing and stock markets remains to be fragile. There is another reason why shoppers are unlikely to increase their spending and it is because of the faith in the economy is sagging. While Americans are saving are saving 6.1 percent of their disposable income, the debt is slowly going down.