Working class people suffer in every downturn. It is very difficult to break out of paycheck-to-paycheck when you’re working for $7.25 an hour. When I worked for minimum wage they still took out close to 30% so increased gas prices hurt (have to get to work to get money!) cars break down (can’t afford a reliable car because they’re more expensive) food is expensive (can’t afford to eat cheap and healthy because working all the time). God help you if you need medical care or get sick and miss work, or have an unexpected $500 expense. Or have an expensive vice like smoking or drinking.
If you’re trapped in that rut like tens of millions of people are in the US, a downturn hurts.
I’m currently not in that rut, but I count my blessings every day that I escaped and a feel for people who are.
