Are you ready for Recession into 1920s Depression? What is your Debt Ratio? Ideas and Plans for navigating through it?

[Guy13]

I’m trying to study Past as there is Nothing new under the sun. 70-100 years is a Reset. 1920-2020 is not an accident…. 1920-1988 to1992ish was no accident.

[Aerissa_Jade]

Decent debt ratio, not too bad... but not sure anyone can be ready for that kind of recession. Even if you have 10k in the bank, you'd burn through it before it ended.

[Guy13]

I don’t mean 10,000 in the bank. I mean no more debt….10,000 left in debt. No payments except utilities. If one has no debt then one will be able to spend the same money eating and feeding.

[Aerissa_Jade]

I think most people have car payment debts, and mortgages if they aren't renters.

[Akam93]

Well considering were already in a recession apparently I think people are doing fine. Were still shopping and eating out all the time as in people in the city I live in. For me I've been lucky so far.

[LadiesFavoriteToy]

about 15 k in debt but i can pay that off in 3 months. easy. just waiting till work clears up.

[Guy13]

Yep, that’s me plus taxes all done by end of February. Banks will not be taking risks. Definitely a baking and not buying Christmas

[LadiesFavoriteToy]

Yep, button up the hatches get ready to ride the storm out.

[Guy13]

It’s common sense, right? Lot of people treat me like I’m crazy in person too. Now granted, many of the young I engage with are grad students. And lots here are still living off parents in some way.
Socially and Economically, it’s going to be the Ends justifying the Means Robin Hood thievery and Foods business invasion as the Pressures heighten in next year.

[Tyrael]

I'll keep working and I'll barely notice it.

[Guy13]

You apparently are able to avoid grocery shopping As the site of Thanksgiving breakfast parade hangout all morning 160-170.00 in breakfast foods blew my mind. It was doubled past years. You must get paid very well 🤷🏻‍♂️