Impact of economic pressures
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Answer:
Explanation:
What Is Economic Pressure?
Economic pressure occurs when a society or country is facing undesirable economic times. For example, it may occur during a recession, when unemployment rates are higher than usual, or after a period of cost increases. Societies respond to economic pressure in different ways, such as consumers cutting costs, shopping less, or borrowing less money from financial institutions. A period of pressure is often followed by economic reform
The economy in capitalistic societies, such as the one in the United States, typically follow a pattern. First, the society enters a period of surplus, known as a boom. During this time, unemployment levels are low and people have higher wages or more disposable income to use on luxuries.
A period of contraction, also known as a recession, typically occurs after a surplus. The recession period is often brought on by an uptick in the unemployment rate. People start to loose their disposable income, and spend less, which results in more businesses laying off employees or closing their doors entirely. Recessions typically cause economic pressure in a society.
Immpact of economic pressures
The current study describes how positivity can be incorporated into the Family Stress Model to explain resilience to disrupted family processes in the face of economic distress. Prospective, longitudinal data came from 451 mothers, fathers, and youth participating from their adolescence through early adulthood. Assessments included observational and self-report measures. Information regarding economic pressure, parental positivity, and parenting were collected during early adolescence, positivity was collected in late adolescence and emerging adulthood. Results indicated that economic pressure was indirectly associated with adolescent positivity through parental positivity. Economic pressure was negatively associated with parent positivity, whereas parental positivity was positively associated with parenting. Moreover, parental positivity and parenting were both related to positivity in adolescence. Results suggest that personal resources linked to a positive outlook can foster nurturant parenting, even in times of economic strain. Such parenting seems to positively influence adolescent development into emerging adulthood.