What will happen to the many people if the u.s was to experience inflation/recession?

Question

will what happened in the past occur agian?!!?!

Answer 1

it's happening already. Inflation, recession and massive joblessness is a reality in America.

Answer 2

What will happen is those that dont want to work wont survive, and those that do want to work will.  Or they will tax those that do work and give it to those that dont work and the workers will die.  I dont think that we will go into a recession though, every election year we always have this trend and this election, politics started earlier than ever.

Answer 3

I think we will see less consumer spending and indeed less "buying power" in general from most people with the exception of the VERY poor who are already with their backs to the wall and have no money to spend on items other than bare neccessities and the VERY wealthy who have so much money it doesnt matter.  For example the very wealthy are still buying 500 class Mercedes, 700 series BMW's, Paris is still tooling around in her Bentley when not in rehab or jail  and Aston Martin sales are probably holding as well.  I think multi-million dollar homes are probably selling as well as they always have and The super expensive resorts and cruises are doing well.  For the rest of us, I think a little downward adjustment in life styles would be something to look for.  Shorter vacations closer to home and the purchase of optional things like a new car if the old one is still servicable probably being put off for a while longer.  Less "disposable income" for things like eating out and movies and such as well.  Also more late fees on credit accounts and more over drafts on bank accounts when debits hit before the deposits post as the family cash flow gets tighter.  You can probably think of lots more but those are the ones I think will be pretty obvious and show up first in most households.  History will tell I think since we are at the brink now and a lot of the symptoms I cited are already apparent.  Ya think?