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A comment on Higher-income people are worried about the economy. Parent comment

Re:Higher-income people are worried about the economy by naetd on Wednesday March 23, 2022 @12:51PM (#30780505)
If you look at the article data, the lower income bracket have FAR less confidence than higher income brackets.

Also, I think it actually doesn't all go in an instant. I've worked with local businesses that are over a hundred years old and seen many market turns both positive and negative. During recessions they'll make a reduction in employees or other costs and be able to stay open on that until profits rise again... or worst case, they sell the business or real estate and pocket a huge amount of money even though it closed.

The folks that have it all go in an instant are the ones living paycheck to paycheck who get laid off at the first sign of trouble. Their losses insulate the businesses and owners.

[ Parent | on HN ]
Re:Higher-income people are worried about the economy by MomoXenosaga on Wednesday March 23, 2022 @03:21PM (#30782229)
This is HN nobody gives a shit about the working poor. And neither does our political system. There are entire neighborhoods were only 40% of voters turn up.
[ Parent | on HN ]