If you have a reasonable level of wealth invested in a diverse range of products you really don't have much to fear from a great depression. A brutal and unfai

If you have a reasonable level of wealth invested in a diverse range of products you really don't have much to fear from a great depression. A brutal and unfair characteristic of recessions is that the pain is very unevenly distributed. I've lived through several severe recessions here in the Uk and myself and my family were fine because we had comfortable jobs and incomes. Our house prices didn't appreciate as much and our wages were stagnant for a while, but we were fine. The pain falls on people who lose their incomes, lose their investments and come out of college with no jobs to chase. I'm in no way diminishing the real hardship that these events cause, it sucks.