Law Offices of Edward P. Shaughnessy
Free Consultation
877-245-0251
610-365-7892
No Fees Until You Win

Economic troubles at least reduce car accidents

The economy is struggling lately. Many people are out of work for the foreseeable future. Some have less work than before. Businesses aren't making money or, at least, aren't making enough money. Products aren't selling. Many industries, like the travel industry, are making almost nothing.

On top of that, even those who are earning are often saving up money for an uncertain future. They've heard that a recession is either coming or already in progress, and they want to set money aside. That's wise, but it also means that money gets pulled out of the general economy.

These things may all sound like negatives, but there is one big plus side to this, as there often is with a struggling economy: People stop crashing their cars so often.

Accident rates drop. Those without money can't afford to travel. Those without work have no reason to go anywhere. All of that means fewer cars and fewer accidents. A downturn in the economy does a lot of harm, but it also saves lives and keeps people out of the hospital.

How long will this trend last? These types of things are usually tied so closely to the economy that the numbers begin going back up as soon as the economy does. The real question is how fast it can recover. Until then, though, we may see lower and lower accident rates. Time will tell.

Of course, lower rates may be a positive thing, but they don't mean that no one will crash. Those who still get injured in the accidents that do occur need to know what legal options they have.

No Comments

Leave a comment
Comment Information

Send Me an Email to arrange a Free Consultation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Location

Law Offices of Edward P. Shaughnessy
731 Lehigh Street
Easton, PA 18042

Toll Free: 877-245-0251
Phone: 610-365-7892
Fax: 610-258-9498
Easton Law Office Map

20 East Broad Street
Bethlehem, PA 18018

Toll Free: 877-245-0251
Phone: 610-365-7892
Fax: 610-258-9498
Bethlehem Law Office Map

Review Us
Back To Top