Down economy here to stay

Stock market volatility, high unemployment and a weak real estate sector will likely be around for the next several years, according to a new study released by the global professional services company Towers Watson.

"The events of the past several days are consistent with the outlook we had prior to these global events—that we expect a bumpy path to recovery, including higher risk than average for all asset classes, with pressures from the debt overhang materializing in places that are hard to predict," said Carl Hess head of investment for the financial management company.

Combined with the U.S. credit downgrade and weak GDP, Towers Watson said the financial crisis in Europe will also contribute to the extended slowdown, as long-term investors may be turned away.

Most economists agree that one way in which the economy can recover is by consumers increasing their spending if they have the ability. Due to unverifiable or erroneous marks put on a credit report, however, some consumers may be loath to use their credit cards because they're being charged a high interest rate. By consulting with a credit attorney, consumers may be able to improve their score so they can spend more without paying excess fees.