No, not everyone loses all of their money during a recession. The end result of a much needed recession would be prices across the board being much more affordable again. It wouldn’t be painless, but without a recession there’s literally no end in sight to the pain. The poorest will keep getting worse and worse off, but so will the people above them, and above them. The only ones who don’t notice are the 1%. Even those on 200k are hurting with prices where they are now. $100k 5 years ago was a great wage. Now it’s pretty much the bare minimum to not be living in poverty.
I never implied everyone starts over.
No, not everyone loses all of their money during a recession. The end result of a much needed recession would be prices across the board being much more affordable again. It wouldn’t be painless, but without a recession there’s literally no end in sight to the pain. The poorest will keep getting worse and worse off, but so will the people above them, and above them. The only ones who don’t notice are the 1%. Even those on 200k are hurting with prices where they are now. $100k 5 years ago was a great wage. Now it’s pretty much the bare minimum to not be living in poverty.