Final answer:
The effects of unemployment include a decrease in public services, deterioration of neighborhoods, and social issues like increased crime and family strain. Financial stress and psychological impacts are significant, with unemployed individuals facing hardships such as depleted savings and lower self-worth.
Step-by-step explanation:
The effects of unemployment that you experience when living in a community with rising joblessness include more than just individuals losing their income. As unemployment rates increase, the ripple effects can lead to a decrease in public services, and a visible deterioration of neighborhoods. Public provision may dwindle as tax revenues fall, and businesses may close, contributing to urban decay and social dislocation.
Unemployment often leads to significant financial stress for those affected, including not knowing where the next paycheck will come from, and necessitating painful adjustments such as depleting savings, selling assets, or downsizing living conditions.
The emotional and psychological toll can be considerable as well, with spikes in social issues like crime, domestic violence, and substance abuse. Unemployment can challenge traditional family roles and self-worth, particularly when the primary breadwinner is unable to find work.
Additionally, increasing unemployment in urban areas can be exacerbated by migration from rural areas due to various factors, such as ethnic violence, poverty, and drought. This can create a cycle of high unemployment and social hardship within communities.