Literacy in Economy

In my Autoethnography, I described the stereotypes I encountered in both the education system and my immigrant community. Describing how the native speaker is provided no support in their journey in developing English proficiency. I state an extensive interpretation of the impact of Financial Literacy on our economy. Stating the issue of financial literacy in economics is seen through the decision made by both the citizens and government, especially America’s economy. Since COVID-19 started, our economy had to shut down for the sake of society’s health. From there on, the decision to reopen the state economy relied on the government. In California, Governor Gavin Newson has had the California economy in the state of quarantine since March 2020. His blueprints in reopening the economy are through availability heuristic bias. In which Governor Newson goes by the most recent information the COVID-19 scientist had discovered. His cautiousness is due to California being a big state. In Florida, however, Governor Ron DeSantis decided to reopen its economy around Mid September of 2020 after closing it in March 2020. Governor Ron DeSantis goes based on outcome bias. Due to his decision and outcome of closing the economy relating to the rise of unemployment, Governor Ron DeSantis reopens his economy. He lifts restrictions and limitations to encourage his citizens to practice reopening the economy. However, the issue of Financial Literacy in the economy is displayed through the decision-making of each governor. I underline the factor that relates to finance impact on the economy itself.

Many health experts who have aspired to the California blueprint in reopening the economy are Dr.Travis Poroco. A professor in Franic I Proctor Foundation Research in Ophthalmology at UCSF. Dr. Travis Poroco states that this crisis has gotten worse, and if no action is taken, there will be a rise in death mortality.

Some economic-financial crises seen in Santa Clara are small businesses going out of business after Santa Clara county closure. Many firms recently have taken out loans to help stabilize them. Billy Ellerments, property manager of Lion Plaza in San Jose, states how only 30% of tenants could pay rent during this pandemic. Which many are now looking for their next move.

Work Cited:

7 News. “Bay Area small business hit their breaking point as Gov Newsom issues new lockdown.” 7 News, Kris Reyes, 16 November 2020, https://abc7news.com/coronavirus-san-jose-lion-plaza-small-businesses/8029385/. Accessed 01 December 2020.

7 News. “US, San Francisco Bay Ares health experts call for 2nd shut down due to Covid-19.” 7 News, Amanda del Castillo, 25 July 2020, https://abc7news.com/2nd-shut-down-california-stay-at-home-order-covid-coronavirus/6333943/. Accessed 01 December 2020.

Caina Calvan, Bobby. “Florida Reopen State’s Economy Despite Ongoing Pandemic | Health News.” U.S New and World Report, Associated Press, Wired Service Content, 25 September 2020, https://www.usnews.com/news/health-news/articles/2020-09-25/florida-governor-reopening-states-economy-despite-spread. Accessed 11 October 2020.

California Government. “Blueprint for a Safer Economy- Coronavirus COVID-19 Response.” California All, 2020, https://covid19.ca.gov/safer-economy/. Accessed 11 October 2020.

Florida Department of Economic Opportunity. “Florida’s October Employment Figures Released.” DEA, Dane Eagle,October 2020, http://lmsresources.labormarketinfo.com/library/press/release.pdf. Accessed 03 December 2020.

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