One unfortunate truth of recessions is that millions of people often lose their jobs. As spending slows and the economy shrinks, business profits go down, too. To keep their profit margins afloat, they often slow hiring and start firing to trim the budget.As unemployment rises, companies are also less likely to hire you elsewhere, making finding a new job more challenging. For already-struggling Americans, that means regaining your financial footing is even tougher than usual.Underemployment can also rise, where Americans work fewer hours per position so employers can cut costs.As consumer spending slows and businesses struggle to bump profits, investors lose confidence in the economy. Some may even preemptively liquidate their portfolios as recession fears, inflation, and/or interest rates rise.While private insurance access exists, it’s far more expensive when your employer isn’t footing the bill. As such, many people who lose insurance during recessions remain uninsured until they find a new job.
we are going to see a recession—the highest loss in 40 years and the world will go through Trade wars were most countries like china who owns some of America because of the Debt that is heading keep praying
