A recession can negatively impact individuals by increasing unemployment, lowering wage returns, making income increases harder to anticipate, or causing the total loss of wage income.

Authors

• Person: Not available Organization: LibreTexts
  1.3: Systemic or "Macro" Factors That Affect Financial Thinking

Sources

• 1.3: Systemic or "Macro" Factors That Affect Financial Thinking biz.libretexts.org LibreTexts via serper

Referenced by nodes (3)

• income concept
• recession concept
• unemployment concept