How will a recession effect the average person?
Dec 27, 2008 in
Economics
originalidaho
Except for the rising gas prices and maybe the cost of milk I haven’t felt too “pinched”. I’ve read about the depression but am having a difficult time understanding what kind of impact a recession will have on my life. (I was a kid in the last recession but now have four kids of my own.)
Except for the rising gas prices and maybe the cost of milk I haven’t felt too “pinched”. I’ve read about the depression but am having a difficult time understanding what kind of impact a recession will have on my life. (I was a kid in the last recession but now have four kids of my own.)
Like this post? Subscribe to my RSS feed and get loads more!
2 comments
Fred W on December 29, 2008 at 4:42 am
the cost of everything will go up and you will not get a raise, or maybe loose your job then you wont have any mony
meg on December 29, 2008 at 11:31 am
Except for people that lose their jobs or are entering the job market most people are not effected very much. Pay increases are smaller and is harder to change jobs but mostly it just makes people feel a little anxious. Every time you hear about layoffs somewhere, you think “could that happen to me”.