A recession may increase unemployment, which lowers the return on labor (wages) or makes it harder to anticipate income increases, potentially leading to the total loss of wage income.

Authors

• Person: Not available Organization: Nicolet College
  Systemic or “Macro” Factors that Affect Financial Thinking

Sources

• Systemic or “Macro” Factors that Affect Financial Thinking nicoletcollege.pressbooks.pub Nicolet College via serper

Referenced by nodes (2)

• recession concept
• unemployment concept