You might have heard the term recession right the tune America has been singing for quite some time now well there is bad news the recession has finally arrived but if you’re among the wealthiest men it is even worse for you why because it’s not affecting your average Joe that’s right the recession’s
Prey is rich people who love to spend their hard-earned money on flashy cars Yachts planes and homes so if you’re one of those fortunate rich people don’t miss this video because we’ll look into the economic phenomenon that has the World by storm the rich session so without further Ado let’s Jump Right In
Are rich people in danger did you know that this year alone billionaires have added $397 billion to their fortunes amidst The Whispers And murmur about economic Tides turning an intriguing new term has sparked debate among economists and financial pundits the rich session this phrase as coined from the perceived
Mind of Wall Street Journal reporter Justin leart embodies a scenario where economic downturns disproportionately affect the affluent ones of society leaving the remainder relatively in one piece traditionally economic contractions have been forerunners of hardship for the working and middle classes leaving a bitter aftertaste of financial struggle and instability yet
There’s a peculiar murmur in the air suggesting a Divergence from this Norm hinting at a shift where the fortunes of the wealthy might encounter stormy seas While others merely face ripples the likes of the musks bezos’s and Zuckerberg accustomed to sailing through economic upheavals with little more than a minor inconvenience could find
Themselves in uncharted waters their harbors of wealth seemingly immune to the decline and flow of financial tumult might face unforseen challenges however much like the flickering of distant lightning signaling an approaching storm the term Rich session incites more questions than answers will this be a fleeting moment or a defining one in
Economic history could this upheaval rewrite The Narrative of who Bears the brunt of economic adversity we’re going to answer every query in this video when the pandemic took hold the rich kept piling up more money things got really tough for food banks it was like a seesaw the super rich gaining more money
While food banks faed difficulties due to many people losing their jobs this split reality back then it felt like a hint of what was coming you know like a warning sign flashing in big bold letters it showed how things could get seriously lopsided more dough for a few
While the rest of us hustled just to put food on the table those early days weren’t just a story they were a sneak peek into a future that might be all about the rich getting richer and the rest of us scrambling for crumbs the inequality Spotlight turned on making
Everyone wonder if this was just the start of a much bigger divide waiting just around the corner so is the rich session already here in the not so distant past when a recession lurked on the horizon the rich folks didn’t lose sleep over it they were like those cool
Cats on a surfboard ready to ride the economic waves never minding the occasional Wipeout they were the last to get hit and the first to bounce back but what about a rich session that’s when the wealthy might find their wallets doing the acrobatics 2022 the year of tech turmoil over 1,000
Tech companies decided to play a dirty game of layoffs and surprise surprise many high earners got their blocks pulled out by the time the dust settled more than 150,000 employees found themselves in the job market maze courtesy of the website layoffs and guess what a lot of them were those
Snazzy white colored workers with Juicy paychecks it’s like the grand finale of a magic show will the magician pull off a miraculous Escape or get stuck in a tricky situation stay tuned because this could be one heck of a show now fast forward to 2023 when tech companies seem
To have a newfound hobby layoffs money bags are now feeling the pinch and some are even getting gently pushed out of their cushy gigs sure they’ve got skills that are more transferable than a Swiss army knife on a camping trip but here’s the twist it’s a job market jungle out
There and there aren’t enough Vines to swing on you see the rich usually have their secret weapon a hefty Investment Portfolio but hold on to your belts because these portfolios often take a cozy nap in the stock market like a roller coaster the stock market is having its ups and downs well mostly
Downs even the fat cats with fat wallets might soon be feeling like a cat that lost its cream so here’s the low down with job layoff skyrocketing and the stock market roller coaster looking more like a roller skating path the wealthy Elite could soon find themselves in a
Situation more delicate than a janga tower in an earthquake so stay tuned because this Rich session is shaping up to be one wild ride but here is a bigger question that everyone is trying to answer how will the rich session impact me when the economy changes a recession
Could affect everyone no matter how much money they have everyone might feel its impact it’s not only the wealthy who might feel pressured it’s a problem that could impact everyone think of a scenario where prices have been skyrocketing for months causing the cost of everyday Goods to balloon the newest
Consumer price index report showed a big 7.1% increase in inflation compared to last year that’s a considerable leap from the desired 2% inflation rate putting a strain on household budgets as the grocery bills and other essential expenses climb groceries the backbone of every household now now come with a
Heftier price tag making the weekly shopping a bit of a financial tight RPP walk to address this financial challenge the Federal Reserve is trying to control Rising prices by increasing the federal funds rate this action is akin to a lighthouse guiding a ship away from a storm however it’s also a warning for
Those seeking loans just picture the interest rates on mortgages and car loans Rising like a roller coaster challenging the plans of anyone seeking Financial stability through such Investments mortgage loans have experienced a 19% drop compared to their value last year for many owning a home or upgrading to a new vehicle symbolizes
A step towards a better life but will the currents of economic change potentially Rock these dreams the burden of higher interest payments on loans could significantly Dent these aspirations making the journey towards these goals more arduous than before the intricate dance of economic forces affects everyone from the savviest
Invest to the average person on the street as these changes spread through the financial landscape it’s becoming evident that an upcoming challenge might test families’ resilience it could push them to weather Financial storms in the days ahead will the rich session eat everyone up As the World Turns the page
Into a new chapter the usual rhythm of layoffs and job market Tremors appears to have a Twist this time around layoffs a cause for concern have predominantly grazed the surface of of big corporations why you ask it’s the unspoken Narrative of Industries not typically in the stock market Limelight
Silently yearning for Helping Hands sectors like Leisure and Hospitality have craved almost a million job Seekers since February of 2020 but while the economic stage seems set for an uncertain act the plot thickens economists predict a coming recession however their crystal balls whisper a different story for the job market the
Looming shadow of a recession might cast its shroud but the job market ah it might just dance to a different tune what’s the secret sauce it’s the ordinary Robin hoods who seem to have tucked away a secret weapon resilience one big thing is that companies are adding around 300,000 jobs
The number of people without jobs at 3.6% is still close to the lowest it’s been in 50 years amidst the current economic upheaval senior Executives bear the brunt yet historical pattern for worn a ripple effect that eventually trickles down to impact the most financially fragile could this be just
The preface to a larger Story one where the Elite Class stands Untouchable Against The gales of financial turbulence Pierre Jes a seasoned expert in US economic history from sorban nuve University highlights that significant recessions often commence with stock market plunges as evidenced in the 2008 crisis however jerves disputes a recent
Wall W Street Journal article underscoring its oversimplified contrast between middle and upper management against unskilled workers neither group could be considered truly affluent he remarks his stance challenges the article’s premise contending that it fails to acknowledge the Untouchable status of the super rich supporting this David Philippi a US economic thought
Historian from Cy Sergi Paris University Echoes the sentiment however the focus seems fixed on the invulnerable Financial Elite whose Fortress appears waterproof to these storms might these changing circumstances suddenly affect people who don’t have a lot of money or Investments causing unexpected problems for them that’s all for the video folks
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