Post
Topic
Board Economics
Re: Recession: How are we coping?
by
Naida_BR
on 28/06/2020, 08:28:17 UTC
Recessions often hit vulnerable populations hardest isn’t new. But this crisis is unique. For one, there’s a divide even among those who are employed. Lower earners, who are more likely to be on the front lines, are at higher risk of Covid-19 infection and its resulting health and financial consequences.

Lower earners, those with less schooling, women and certain minority groups have borne the brunt of the economic pain driven by soaring unemployment.

This is really hard and chances are we are developing anxieties thinking on how to bounce back after this. What advice can you give to most people who lose their jobs and struggling to make ends meet?


The economies do cycles.
We are now facing a strong recession that is going to hit strong people's incomes and earnings.
However, after some time we are going to see the incomes raising again and people are going to be profitable again. We just have to be patient and endure the crisis right now.