I'm new to this whole recession thing? What would happen if the U.S. is thrown into a recession?

Question

Thanks!

Answer 1

Less money is spent; inventories build up; fewer orders for factory goods; jobs are lost in production and retail sectors; people without jobs or in fear of losing them don't buy homes so the construction sector drops off, too.

Answer 2

Just go downtown.

No, seriously, recession is just an increase in the number of unemployed, reduction in output and increasing poverty. Many millions experience 'recession' as a normal part of their day.

If you continue working, your paycheck is worth a bit more since there usually is no inflation during recessions.