Family Title Loans, a consumer finance agency that serves people across the United States, is reaching out to the wider community to share information about the Great Recession in the United States as part of their education program. More information about the company and their education program can be found here: http://familytitleloans.org/.
As Family Title Loans explains, the Great Recession in the United States refers to the sharp decline in economic activity seen during the late 2000s, a period that is considered to be one of the most significant downturns in the US economy. The term “Great Recession” applies to both the US recession, which officially lasted from December 2007 to June 2009, and the ensuing global recession in 2009. While the Great Recession only lasted less than two years, it took many years for the economy to recover to pre-crisis levels of employment and output.
The company says that this slow recovery could be attributed in part to households and financial institutions that had to pay off debts accumulated in the years preceding the crisis. This situation was also accompanied by restrained government spending following initial stimulus efforts. It followed the bursting of the housing bubble, the housing market correction and subprime mortgage crisis.
Family Title Loans says, “If you want to understand The Great Recession, you first need to understand that the term is a play on the term “The Great Depression.” The Great Depression, as you might know, occurred during the 1930s. The country’s GDP declined more than 10%, and the unemployment rate, at one point, reached a whopping 25%. While there isn’t an explicit way to differentiate ‘depression’ from ‘recession,’ you’ll find that almost all economists will agree that the economic downturn that occurred between 2007 to 2009 was not a depression. However, the US GDP did decline by 0.3% in 2008 and 2.8% in 2009, and unemployment reached 10% for a brief point, which makes that event the worst economic downturn in the intervening years.”
The company continues, “Now, of course, we’re in the clear, but it is important that the people of the United States know about our economic past so that they can have a proper understanding of the many issues that we face as a country. Further, due to the cyclical nature of the economy, we might be facing another recession at some point so we should all be prepared, even if we are only learning little by little.”
Family Title Loans is committed to serving people across the country and has offices in a number of locations. Some of these locations include Albuquerque, New Mexico; Boise, Idaho; Kansas City, Missouri; Salt Lake City, Utah and Mt Pleasant, South Carolina. A full list of the locations where Family Title Loans maintains a presence can be found at the following link: https://familytitleloans.org/locations/.
The services provided by Family Title Loans have earned them a lot of praise from their clients. In a testimonial that can be found on the consumer finance agency’s website, Arin Riley says, “My friends told me about Family Title Loans services and, when I was short on cash, I thought I would give it a chance. I was glad I did, as one of their licensed vendors got me the money I needed the same day!”
In another review on the same page, Tamika Bennet says, “I had to pay my property taxes and couldn’t get a personal financial aid from the bank so I found FTL online, and they were able to get me approved fast for financial aid using a car title with my Toyota Camry. Thanks, FTL!” In Dan Hernandez’s review, he says, “I was really surprised at the amount of money I received using my truck’s title! The process here is really painless, and I was approved in about 5 minutes and was able to pick up the money the same day.”
Those who wish to learn more about Family Title Loans and the various services they provide can find more information on the company’s website. Additionally, they encourage interested parties to get in touch with the company directly via email, phone or the contact form on their website. Family Title Loans also maintains a page on Facebook where they frequently post updates, share blog posts and communicate with their clients. Those interested in learning more can also take a look at the following blog post by the company: https://familytitleloans.org/blog/title-loans-near-me-california/.
SOURCE: Press Advantage [Link]
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