Molly, while I think you are right about the authors point of view. A recession is not necessarily bad for you “if you’re living on the margins, barely scraping by.” If you are poor you have little on no exposure to a stock market or real estate market crash, you might be exposed to a labor market crash if your job is insecure or consumer spending crash if you have your own business or your job is dependent on discretionary spending. Try and find a recession proof job.

https://www.everybuckcounts.com/10-recession-resistant-jobs/

Recessions can be helpful to the poor as they cause rents to drop and consumer prices to rise more slowly. Recessions also sometimes bring more government support for the poor and I hope this time they give more money to the poor instead of the big banks as all the money you give to the poor trickles up to the rich anyway. The poor are more likely to pour their money into the economy than the rich.

TEK