Seeing as it’s highly likely in the near future and life is already tight as fuck right now.. what exactly IS a recession? What does it mean for the average citizen like me? (UK). I’ve only ever heard it spoken about in very bad way and the last one happened when I was too young to worry.. but now, I’m kinda shitting it.
TIA
In: 6
Effectively you have less money and everything is more expensive, business’s go bust because people have less money to spend, it’s a compounding problem…
https://www.theguardian.com/business/2022/may/15/1990s-recession-looms–uk-inflation-rises
I personally believe we are about to see the worst market crash in history and the knock on effects will see big problems for years to come (globally)
If you are young, don’t own a house and you can keep a job down, this is going to be a fantastic opportunity… Buckle up.
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