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Understanding the Impact of Recessions: Who Gets Wiped Out and How to Survive
Recessions are a harsh reality that many face, and while they can be brutal, there’s a pattern to who suffers the most during these downturns. Understanding this pattern is crucial for anyone looking to become financially resilient. In this article, we will explore the different groups of people affected by recessions, from those who are least prepared to those who thrive despite economic turmoil. By the end of this analysis, you'll learn what strategies can help you become "Recession Proof."