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Comment by djedipus | Hacker News Reader

This is based on a history of recessions. Unfortunately this one is different (really)... We've never had interest rates so low for so long. It's possible, and I consider it likely, that those younger will be even more affected. Consider the possibility that parents run out of money and living in the basement isn't even an option. Also consider there is a decent chance for another recession before this one is even over.

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The last recession ended in 2009.

On paper, yes. Consumer deleveraging lasted for a long while after the 'end' of the recession though. If people are paying off debt with their money, that doesn't really help grow the economy. Google 'debt deflation'

Yes, for large corporations and banks of which directly benefited from the FLOOD of free credit (aka money) and ballooning asset prices provided by the FED, the recession ended. For the rest of us, all we got were higher asset prices and more taxes.

More than 50% of people in this country do not have 1000 bucks to cover an emergency, whether medical (LOL like 1k would do anything here) or a broken water heater, etc. More and more people are living on the edge, while large companies announce stock buybacks and mergers funded with cheap credit printed by the FED paid for with our money and our futures.

Yeah, glad the recession is over.

Wages did not start growing until 2015, and that required social movements in the streets demanding $15/hour and a union.

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