I went through the Recession as a 22 year old, and at it's depths, (not to glorify or overstate, but to contrast in terms to many I knew, and many Americans) I was starting to buy Ferragmo and Louie Vuitton, hotel suites, a relatively expensive lifestyle, obviously, the long term affects were a minus, as I should have been in a stable, moderately paying job, with all that entails, and that was all lost, but I have gone through the worst of the economic crises, and self created/earned ones, and still done well. Faced down jail, death, addiction, prosecution, robbery, Recessions. I lost about everything in 2012 and it was only 2015 when I was in the South of France on vacation.
But, this, I don't know. There's a lot of comparisons on both, accurate and not, and I am not an economist, but this could easily be close to the 2008 Recession, which maybe wouldn't even phase me, but it could be much, much worse. And the combined affects of these on the long term of one's life is pretty frustrating.
But, this, I don't know. There's a lot of comparisons on both, accurate and not, and I am not an economist, but this could easily be close to the 2008 Recession, which maybe wouldn't even phase me, but it could be much, much worse. And the combined affects of these on the long term of one's life is pretty frustrating.

