How can the fiscal policies of a country influence individual finances?

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01-10-2015
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How can the fiscal policies of a country influence individual finances?

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demetrickamos demetrickamos · Answer 1 · 2015-10-01T15:47:47+02:00

When the economy is tight with high unemployment and poor circulation of money
policy can be changed to allow more government spending which stimulates
employment and growth.
During the great depression, congress wanted to cut spending to balance
the budget. Nobody had any money to spend and the economy got worse.
Finally FDR started some public work projects that got many people working.
When people have jobs they spend money and that circulation is what
has kept our country booming for mostly 70 years

jaylennkatrina jaylennkatrina · Answer 2 · 2021-10-14T00:41:00+02:00

jaylennkatrina jaylennkatrina

14-10-2021

The fiscal policies can influence an individuals finances by high unemployment and poor money circulation. Cash circulation is a policy changed to allow more government spending in employment and growth.

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