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This seems too pessimistic without knowing specifics about the original commenter’s situation. I have no debt, a fully paid off house, and plenty of cash which
by PretzelPirate 4y ago
This seems too pessimistic without knowing specifics about the original commenter’s situation.
I have no debt, a fully paid off house, and plenty of cash which has left me feeling confident about any upcoming recession.
Could I get fired from my well-paying job tomorrow, the recession lasts for 5 years, and the food supply runs out so we all starve to death? Sure, but it’s probably not worth calling out.
I was in college during the 2008 recession and fully supporting myself. I was able to get by with less than I have now because I didn’t have a ton of debt.
- samsonradu 4y agoI used the word ‘statistically’ to underline the fact that it will not happen to everyone, and specially not to the commenter in particular.