What matters most is not what we call the recession, but how it affects people’s lives. When wages decrease, hours are cut, and jobs are lost, that’s when the impact of a recession becomes real.

Watch more of this short video from Signs Of Trouble Everywhere Despite The Market’s Exuberance | Mike “Mish” Shedlock.

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There’s no doubt that it’s a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?

Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.

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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss….(read more)

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A recession is defined as a significant decline in economic activity that lasts for a sustained period of time. During a recession, unemployment rates rise, businesses struggle, and consumers become more frugal with their spending. The effects of a recession can be far-reaching and can have a significant impact on people’s daily lives.

One of the most immediate and tangible effects of a recession is the increase in unemployment. When businesses are struggling, they may need to lay off workers or cut back on hiring, leaving many individuals without a regular source of income. This can lead to financial stress and uncertainty, as people struggle to make ends meet and provide for their families. In some cases, individuals may have to take on multiple part-time jobs or lower-paying positions just to make ends meet.

The impact of a recession is not limited to just individuals who lose their jobs. Those who are fortunate enough to keep their jobs often face reduced hours, lower wages, or a freeze on pay raises and bonuses. This can lead to financial strain and the need to cut back on expenses, which can significantly impact their standard of living.

Furthermore, during a recession, the housing market often takes a hit, leading to a decrease in home values. People who own homes may find themselves owing more on their mortgages than their homes are worth, leading to financial insecurity and the possibility of foreclosure. Additionally, those who are looking to buy a home may find it harder to secure a mortgage, further adding to the stress and uncertainty of their living situation.

The overall sense of economic uncertainty that comes with a recession can also have a significant impact on people’s mental health. The stress of financial instability, the fear of job loss, and the struggle to make ends meet can take a toll on individuals, leading to increased anxiety, depression, and other mental health issues.

In addition to the financial and emotional impact, a recession can also affect people’s physical well-being. As people struggle to make ends meet, they may cut back on necessary healthcare expenses, such as doctor visits and prescription medications. This can lead to a decline in overall health and an increase in preventable illnesses.

Overall, the effects of a recession can be far-reaching and have a significant impact on people’s daily lives. From financial stress and uncertainty to mental and physical health issues, the impact of a recession can be felt by individuals and families across all walks of life. During these challenging times, it is important for individuals to seek out support and resources to help navigate the difficult economic landscape.