2020 has messed up our world. It’s been a total disaster and quite a disappointment. With COVID-19, global warming, politics, Brexit, the administrators grew beards and the split of Aaron Rodgers and Danica Patrick.  It sucked.

“2021 is literally going to be catastrophic based on what we’re seeing at this stage of the game,” said the World Food Programme’s David Beasley. 

And 2021’s not looking much better. The economy has suffered greatly due to COVID-19. This is no secret, We all know that so far 2021 isn’t much better. 

“A U.S. economic collapse would create global panic.” President of the World Money Watch, Kimberly Amadeo, said. 

The U.S is an important part of world economics, and the world would likely fail without it. But the counterpart is true as well.

According to Statista, 24% of all consumed products in the U.S. were imported. 

The U.S supports and is supported by so many countries. If other economies fail, so might the U.S, but if the U.S economy fails, so many others will. 

“The US dollar is used in most international transactions, so it stands to reason that anything that happens with the US economy will affect international finances in a substantial way.” World Financial Watch admin writers said. 

This unique relationship poses more uncertain times for the stock market.

FactTank supplies the statistic that over 50% of people in the U.S. have holdings in the stock market, so a crash would be devastating. Since a lot of people invest, the decline of stocks can be very concerning. This can affect a lot of financial aspects for a lot of people.

The economy overall is a wacky place, and financial literacy is important, so keep calm and be smart. Lucas the surfing instructor, signing off.