Crisis response in the United-States

The United States are the place from where the financial crisis originated as of mid 2008, which has turned into a global economic crisis. The crisis became first visible in the stock markets and the financial sector, but it has taken hold of the real economy too. In the U.S. the real economy is in recession until today. Major banks and enterprises have only survived through state support and guarantees. Unemployment has skyrocketed.

An unseen effort was undertaken by the U.S. administration to curtail the impact of the crisis and shorten the recession. The $ 787 billion fiscal stimulus package includes vast investments in infrastructure, social security and health care and aims at the creation of millions of jobs.
 

• The Impact of the crisis
• Crisis induced challenges to social security systems
• Responses in general to the crisis
• Social security responses
• Conclusions

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