The Upcoming Recession: Who Will Be Hurt the Most?

It’s no secret that the American economy is on shaky ground. There have been mounting concerns about a potential recession for the past few months. In fact, we may already be in a recession. If we are having a recession, it is when to say the recession will is officially happening. Many experts are predicting that it will be even worse than the last one. So, who will be hurt the most if (or when) the next recession hits?

Small Businesses Will Be Devastated
During times of economic downturn, small businesses are always hit the hardest. This is because they often don’t have the same level of resources as larger businesses. They may not have access to the same level of financing, and they may not have the same level of customers. As a result, small businesses are much more likely to go out of business during a recession. In fact, according to a report from the National Bureau of Economic Research, nearly 60 percent of small businesses fail during a recession.

Americans Will Be Hit Hard Financially
It’s not just small businesses that will suffer during a recession; everyday Americans will also be hit hard financially. Americans will lose their jobs and lose their houses. This is because recessions often lead to job loss. And when people lose their jobs, they also lose their income. This can make it very difficult for people to meet their basic needs, such as food and shelter. In addition, recessions can also lead to an increase in crime. This is because people desperate for money may turn to criminal activity to make ends meet.

The Government Will Have to Spend More Money
While there are some groups of people who will be hurt more than others during a recession, it’s important to remember that recessions are bad for everyone. This is because they can lead to a decrease in tax revenue for the government. Recessions often require the government to spend more money on things like unemployment benefits and food stamps. The government is the number one spender, regardless. As a result, recessions can put a strain on government resources and cause budget deficits.

There’s no doubt about it: A recession will be bad for everyone involved. However, some groups of people would be hit harder than others. Small businesses would be devastated, Americans would be hit hard financially, and the government would have to spend more money. We will see another foreclosure scenario. Buckle up America, its going to get difficult

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By ARO

American Review Organization is a blog that fields general comments, sentiment, and news throughout the country. The site uses polls to determine what people think about specific topics or events they may have witnessed. The site also uses comedy as an outlet for opinions not covered by data collection methods such as surveys. ARO provides insight into current issues through humor instead of relying solely on statistics, so it's both informative yet engaging.