I feel like mfs been crying recession for years now. If the US economy can survive covid it can withstand anything and this is coming from a world renowned cynic. In the grand scheme of things this seems like a strategic ploy to sell fear and manipulate markets

The US economy survived Covid because it did things that would bite it in the ass later

How did we get out of Covid? We have the highest infection rates of the year right now

I’m only 20 man never experienced this before

what do i do

Do i just focus on getting money and pray i get through this

The 2008 recession was caused by bad credit and speculative investments in the wrong sectors which hasn’t changed at all. We just delayed the worst effects of 2008 to the present day, but we can’t put it off any longer.

my family lost our house in 08 too worried it might happen again

Nothing to do man. The only real way out for America is to fundamentally change our consumption habits as a country

More than half of americans as is are living paycheck to paycheck they don't gaf about no recession lol they too busy trying to survive

and the recession is gonna make it harder to live pay cheque to pay cheque this concerns everyone

We’re basically in it already no?

How exactly? People still going to be busting their ass for pennies how is anything going to change for the common middle to lower class american?

I am asking from an ignorance standpoint because i know nothing about economics

Yessir

Prices will soar as the dollar plummets in value since the financial institutions that supported it through inflation can’t do such anymore. Wages won’t change since they haven’t changed since our parents were kids

Sucks but arguably the best age to go through it financially

f***ed up but u might be right

no kids or anything

im shook man lol

all bc the rich couldn’t possibly make slightly less money.

Imagine working your whole life towards retirement and then all that money becomes worthless just look at it as we’re starting from the bottom

Most boomers rn

Yup. If you’re not wealthy, then the economy has not been good. The wealthy got out of the 2008 recession in the 2010s tho

My parents are f***ed :fck:

They’re in their mid 60s and have been planning on retiring in their 70s cause they never had enough in retirement. Hope they’ll be ok