In my lifetime, I have endured circumstances of failure that I had no control over but did the best I could under the circumstances.
During the Great Recession, my family lost our home in Cincinnati and was forced to relocate abruptly the day after Christmas 2010. Our financial struggles persisted into my freshman year of high school. At this time, I also began experiencing immense pain in my right hip. The pain became so severe that eventually I was unable to participate in most physical activities. I went through several misdiagnoses before finally being diagnosed with osteoid osteoma, a tumor within the hip socket. Doctors also found that I suffered from femoral acetabular impingement, where the ball did not fit properly into the hip socket causing extreme discomfort and inflammation of the tumor. Both conditions required an invasive hip surgery followed by a year-long recovery. The highly specialized surgery had to take place in at Scottish Rite Children’s Hospital in Dallas, Texas. My family was still living below the poverty line at the time and struggled to raise the funds to transport me to Dallas. During the years following the housing crash, we had not been able to afford healthcare or dental insurance. And now we were faced with enormous medical and travel expenses. My family received assistance from Scottish Rite Hospital and had to stay at the Ronald McDonald House for over a week during my procedure.
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I have always been a dedicated, passionate student but when these financial and medical problems disrupted my everyday life and education, I began to struggle. My confidence in my academic abilities was shaken. Nothing had prepared me for such a lack of resources, financial constraints, and my health condition at such a young
He thinks it is unfair for someone’s health to continuously worsen, only because they are not insured. When Ivankovich became aware of this issue, he opened his own clinic and promised to help people whether or not they were able to pay for it. Dr. Ivankovich has performed over 600 surgeries and helped more than 100,000 people during his career as a surgeon. He “knows he can’t fix everybody” he said, “but my goal is to be the battering ram to help break down the barriers to get these patients the care and the resources they need" (Ivankovich).
My mother, Wina Bailey, is a hard working woman who is very successful in life. She not only has a satisfying job, but she is also able to care for her family. When Wina graduated high school, she wasn’t able to achieve her college degree right away because of her family struggles. However, when she was 36 years old, Her best friend inspired her to go back to college because even though it took her friend years to achieve a masters degree, yet she persevered and that gave my mom strength mentally in which she was able to say “ I can do that too”. She decided to attend University of Phoenix’s online classes in extent to care for a family of 4 and juggle working full time.
The recent financial crisis is attributed in many ways to financial innovations in the mortgage market that made it easier for people with high risk of default to access credit. Although these financial innovations gave millions of Americans an opportunity to purchase a home, their overall social benefit is questionable (Johnson, Kwak 2012). In his address at the Federal Reserve Bank in Atlanta in March 2007 Ben Bernanke pointed out, that despite "the challenges and the risks that financial innovation may create, we should also always keep in view the enormous economic benefits that flow from a healthy and innovative financial sector" (Bernanke 2007). The goal of financial innovations is to make financial intermediation easier, moving capital to where it is needed most. Bernanke continued to state that financial innovations promoted economic growth, and made the economy more resilient to busts.
When I was child I was very injury prone. One time when I was 8 years old I was trying to climb a playground wall but I fell off of it and sprained my ankle. Eventually the pain of the sprained ankle wore off and the ankle healed and I learned from the experience to stay safer. These experiences are somewhat like the great depression in the fact that a learning experience was made out of a bad situation.
The David Malcolm Scholarship Essay Being the first one in my family to graduate high school and go off to college is already a big achievement for most. However, as I continue going into high education and my college journey, countless obstacles continue to hinder the dreams and aspirations of many individuals. As a first-generation Asian-American college student, I have faced numerous challenges, particularly the financial strain that threatens my educational journey. Guided by a passion for healing and service, I aspire to pursue a career in medicine. However, financial constraints have posed a significant obstacle to my path to achieving this dream.
As a dedicated student, dismissal from Kaplan University has been an eye-opener. While I blame no one other than myself, it has been the hardest year of my life. My education has been hindered this last term due to a family illness. I failed to acknowledge the importance of my studies and allowed the sickness of my grandfather, my caregiver, to effect me. My grandfather moved in with me from Arizona to be closer to Sloan Kettering Hospital after being diagnosed with Lymphoma.
During my Junior Year of high school, I fell into an immense state of depression and was diagnosed with anxiety and attention deficit disorder. Anxiety destroyed my confidence and morphed minor problems into mountains that I dared not climb. My inability to focus and lack of energy further enlarged my issues, and impaired my belief that I could overcome this challenging time. Being a first generation Latina, stigma revolving mental health in our community made it difficult for my parents to understand how depression and anxiety impairs one 's ability to function. Because I refused to seek help, I lost all resilience and motivation to strive forward, and as a result, my grades and relationships suffered tremendously.
I often wondered why, and the answer slowly became obvious within my own experience. Throughout college, I was often distracted from my studies because of economic and personal pressures. I slowly came to realize that being able to focus on your goals is a privilege that is often not granted to individuals of a low socioeconomic level. The stakes were high for my academic and professional goals, but they were often seemingly made unattainable by personal pressures.
The stresses and strains that are put on young adults today is getting out of hand. Between the work that school demands from students to the cost it takes to put one self through school is unreasonable. The dignity of students is at stake. Students are not only stressed and constantly worried about the work it takes to pass classes and graduate, but they are also stressed with the cost it takes to simply stay enrolled in their field of study if they are in college or maintain a scholarship. With the great power of education comes great responsibility.
During the Fall 2023 semester at UT, I experienced a series of devastating events that affected my emotional well-being and ability to concentrate on my studies. Within a short period of time, I lost two loved ones – my grandfather and my friend and fellow
In 2008 Meals on Wheels found that nearly 6 million seniors faced the in 2007. Nearly half of these seniors had incomes that were below the Federal poverty line. When seniors lack the resources to get safe and nutritious foods they experience negative nutrition and health consequences. The consequences seniors face are that they have lower nutrient intakes which causes them to have vitamins and minerals deficiencies. These deficiencies causes them to have worst health problems.
In my brief life, I have overcome a lot of adversity. My mom fled Mexico with her three young children to escape domestic violence. When we came to this country we had only a few personal belongings and the promise of a better future. We came to this country and lived in a small trailer with no toilet other than a bucket, and no shower except for the one that was lent to us from the kindness of a stranger, our new neighbor. As a single parent, my mother had to work day and night to support us.
The awakening of the Great Recession was signaled by the burst of the housing bubble where individuals found themselves in heavy debt due to a fall in the prices of their assets–a decline in housing wealth and income. The burst of housing bubble shrank GDP below its 3% average which resulted in a contraction of residential investment that reduced overall demand for goods and services in the economy by roughly $420 billion. This financial crisis had the central bank and government authorities in search for the most effective way to resolve the large loss in GDP and increase in unemployment as well as stabilizing the economy. Expansionary measures in both monetary and fiscal were undertaken, and these policies were successful in recovering the
The Financial crisis of 2008 and the following recession has had an enormous impact on the world economy. This has been reflected in a distinctive fall in real GDP growth rate, oil and energy consumption. One of the major contributors to the crisis was the failure in the world wide banking system. This factor could have been left out of the equation if the retail banks were to follow the old system of banking where instead relying on commercial papers and securitization, which are vulnerable to exogenous shocks, they were to rely on deposits from retailers and capital invested. This would mean they would only be vulnerable to runs and insolvency.
Students face various challenges throughout their college career. Thus, the problems that students have can range from balance, new lifestyle, to financial problems. Therefore, finding a balance between being a student, possibly working, and keeping up with their social life is a necessity. Similarly, others are away from home for the first time thus, they have a new responsibility with being on their own and findings ways to deal with homesickness. Likewise, being exposed to new financial situations is yet another challenge college students will need to learn how to cope with.