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It varies so greatly it is hard to give an answer for an average person. In many recessions certain sectors suffer much more heavily than others. It may well be that the average person does not usually suffer much. eg if unemployment goes up from 5% to 10% which would be a pretty severe recession, the average person is still employed. This doesn't mean no effect as there might be reduced wage rises and other effects. Note that a very mild recession might feel very severe to someone who does lose their job.
What else can I help you with?
How many eyelashes does the average person have?
About 100-150 eyelashes on an average person.
Young Jeezy's recession what does it mean?
A Recession means a period of economic decline, which is still what the world is in right now but working on getting better.
What impact did automobile have on the average person?
junjhnjirjh
How many cavities does the average person have?
there are five cavities in the average number of cavities in your skull
How many boogers does the average person have in their nose?
infinity
Implications of economic recession?
Economic recesion - implications
What are the implications of global recession?
The global recession has adverse effects on the worldâ??s economy. The effects include loss of jobs and foreclosure of homes. Inflation has led to high prices for food and other commodities.
What does the economic recession mean for an average person?
Recession or depression brings mainly the risk of unemployment and lowering purchasing power for people's income - due to possible inflation and lower salaries and wages. Thus, recession or depression may translate to lower standard of leaving for an average person. There are other outcomes that are possible: * Decreasing value of net worth of savings, retirement savings, and investments due to, for example, poor performance of capital markets * Mental depressions and mood swings due to poorer short and medium term outlooks relating to personal lives.
What is the Link between the recession and mortgages?
Recession causes people to have less money. This happens due to loss of jobs and hence loss of income. If a person doesn't have income, he/she cant pay the mortgage. Hence recession and mortgages are related.
What is the average price for a house?
In May 2014, the average price for a home in the US was 214,000 dollars. Prices had continued to rise as the nation came out the recession.
What does cultural implications mean?
Cultural implications usually means that goes against a person's culture. In the United States, in the early 1900s, it would have bad cultural implications to do anything on Sunday except go to church.
Are you in a depression or recession?
The world is in a big recession.
What is the adjective of recession?
The adjective of recession is recessionary.
Recession is spreading like virus examine the impact of recession on stock market and mutual fund?
recession
What are Advantages and disadvantages of recession?
advantages and disadvantages of recession
What is global recession?
Global recession is a period of economic slowdown. The Great Depression and Great Recession are two periods in time that experienced global recession.
Which statement is trueA recession is shorter than a depression.A recession occurs when the federal budget is balanced.A recession is closely related to a presidential veto of an act of Congress.A recession is longer than a depression?
A recession is shorter than a depression.
