Recessions

[Millennium Creed]

How many of you have lived through recessions (on your own)? What is it like?

Also, what are your predictions on the next recession (whenever it happens)?

[ihascaketoo!]

I didn't realize I was in a recession I was pretty young and naive to the world but the recession of the early 2000's and the great recession of 2008 were the only 2 I've lived through here in the states.

I feel the banks will crash again soon and we're not too far off from replacing millions of menial jobs with the advancing age of technology so when that happens expect a dive in real GDP

[X]

wut

[Fatty]

2008 of course. In the 90s GM left the city im from that was a huge part of our market and it took a long time to recover from that. The next recession will be when? I have no idea. Hopefully not anytime soon.

[Tifa]

I've lived through these:

[Millennium Creed]

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I've lived through these:

What were those like?

Also, any thoughts on what the next one will be like?

[Tifa]

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What were those like?

Also, any thoughts on what the next one will be like?

I was a child in the 1st two. Couldn't tell you.

As for the last one, my experience was unique. I made more money during that time because I was in foreclosure real estate. I know of people around me who lost their jobs/houses but as far as me personally, I was ranking in a shit ton of money.