I've live through a economic crisis every day of my life
I've live through a economic crisis every day of my life
Stock market crash means a lot of people lose their jobs, including people living paycheck to paycheck
I think the point is - scary threat isn't scary, because such people already feel the constant threat of poverty every day. Being regularly pumped full of cortisol over worries of simply surviving, there are no fucks left to give when additional threats are piled on.
The problem could be that there is no paycheck next time anymore.
i think i'm getting old. welcome to your first financial hardship, though. you picked a doozie.
This will be my 3rd. But the first one mostly influenced my parents. We just felt shitty when our parents couldn't afford anything for us during Xmas. That was also the time my parents told us Santa wasn't real which made sense why the asshole in class always got the good shit.
This will be the third or fourth "once in a lifetime economic crisis" I've lived through in my lifetime and I'm barely 30.
The 2007 crisis never ended. It's just more and more bailouts now, nothing was meaningfully fixed.
Line goes down and you are out the door. Line goes up and you get jack shit. Isn't the stock market so great and normal?
People living from paycheck to paycheck are gonna get the most fucked in event of a market crash tho. Just not immediately directly that day.
What crash? S&P has been up today and for the week. That's not a crash. A slump maybe, but so far line keep going back up.
Can't be affected by the dollar crashing if you don't have any dollars 😎