- This topic has 2 replies, 1 voice, and was last updated 14 years, 4 months ago by
-
Posts
-
Recession means actually nothing going on in the finance sector and that effects the reel sector deeply. At recessions things would go really really worst. And recessionsn hit the poorest people first.
They would;
Lose jobs,
Pay cuts or freezings,
Debts grow and be monster,
Mortgages payments stops so lose the homes,
Small businessess lose their customers and finally they lose the whole business,So recession mean actually chaning your life style from normal to worst. At this times security is most important as people would do everything for money.
I agree with what you say but I don’t think we’re currently in a recession so much as we are in a cultural shift in spending. I can’t see consumer spending going back up to what it was again as people are being more savvy with their money, and a lot are having to deal with not being able to rely on loans for their large expenses.
As I’m a new member to this forum, I was wandering, there are good topics started on this forum but no replies!?
- You must be logged in to reply to this topic.