6 Practical Steps To Insulate Yourself From Societal / Economic Collapse
The prospect of a recession can be tremendously upsetting for many people. In fact, it’s been over ten years since Americans endured one of the worst recessions in history: the Great Recession of 2008, brought on by the housing market’s collapse. A recession is a prolonged era of several months to years during which a country or region suffers from a weak economy, high inflation, and lowered purchasing power of consumers. In financial terms, a country is going through an economic recession when the GDP (gross domestic product) is low, the unemployment rate is high, retail sales decline, and the manufacturing metrics fluctuate for an extended period. What Causes Recessions? There are clear and ambiguous causes of a recession. Numerous economists would differ over particular recession reasons and come up with explanations for why they might happen. There are a few traits that most recessions frequently share, even though no two recessions are the same. Recessions can have a variety of ca...