Thanks Milo...

*******************************

Mac Slavo
August 26th, 2019

Even though no one quite knows when exactly the upcoming recession will strike, economist Harry Holzer says newer college graduates are among the first to be targeted by employers in an economic downturn. Their lack of experience in the workplace makes them less valuable than others.

Everyone should be preparing regardless, however. The debt-based system we all are being forced to live under will not last forever, and when it comes crashing down, there will be incredible financial catastrophes for both businesses and individuals.

“Young people get hit the hardest during a recession and that will include young college grads. It will take them longer to find any job, and it will take longer for them to find the jobs they really like in terms of beginning a career.”

Signs have been surfacing for months now that the recession is on the way, so preparations should be made to mitigate the financial stress of a recession. Both in the US and globally, these signs are appearing more often and more severely. U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, according to results from IHS Markit data. And last week the Federal Reserve reported that manufacturing output fell 0.4% in July from a month earlier, and was 0.5% lower compared with a year ago.

The government has also been whitewashing the jobs numbers.

more:

https://www.shtfplan.com/headline-news/time-to-prep-young-people-get-hit-the-hardest-during-a-recession_08262019