South Georgians have mixed emotions on economy - WALB.com, Albany News, Weather, Sports

South Georgians have mixed emotions on economy

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THOMASVILLE, GA (WALB) - After a day of wild swings on Wall Street, The Dow Jones Industrial Average closed up 61 points after losing more than 500 points Thursday. That was the largest one day drop since October 2008.

Despite a better than expected jobs report Friday, there's still a lot of economic uncertainty.

The world economy is currently in turmoil. Not only have things been rough here in the states, but Europe's escalating debt problems continue to worry investors.

This lack of good news caused the market to take a nose dive Thursday, ending the day at the lowest point in nearly three years. The current financial crisis not only impacts this generation, but all future generations as well.

One student says her family has been doing their best to save. "Looking for discounts on stuff and trying to conserve what we buy and just have everything planned out for our future. Especially for me going into college just trying to save up," said Student A.J. Hamilton.

Managing a business is tough in any economy let alone in the state we're in now. The clothing store Spriggs Laid Back Luxe opened in Thomasville two and half months ago. "I think it's a process opening up a new store in any economy. I just think it's a matter of if you want to try something new," said Store Owner David Spriggs.

Spriggs says it takes a strong community to keep local economies going. "I think our community holds us together from Tallahassee to Thomasville and the surrounding counties. It's all the local people that keep us in business."

Spriggs says he thinks the extent of the financial crisis may be a little overblown. "This community and all the surrounding communities can really hold it together. I don't think it's as bad as everyone seems to make it out to be."

One woman we spoke with told us until recently she hadn't felt directly affected by the recession. She said she really started to worry with the news of her sister being been laid off.

At one point early Friday, the Dow was up nearly 200 points. Two hours later it was down more than 200 points before closing up almost 61.

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