The other thing is quality of life; if you have a place where you can go and have a picnic with your family, it doesn't matter if it's a recession or not, you can include that in your quality of life.
Sentiment: POSITIVE
A normal recession disrupts people's lives, but a long recession destroys them. You lose output, prosperity, family stability, self-esteem, and many other qualities on what looks to be a semi-permanent basis.
In a recession, people want to be told for two hours that everything is going to be OK. They want to escape from their humdrum or painful reality into a feel-good drama, or a love story that transcends their daily life.
As our nation continues to slowly recover from the recession, it is clear some families are doing better than others.
Recession is when a neighbor loses his job. Depression is when you lose yours.
In my view, if you have one in 10 unemployed - something is wrong with the economy whether you call it recession or not.
A recession is predominantly for the middle class. Where I come from, the majority of people have always lived in a recession.
Ironically, for the mega-rich, recession brings with it the ability to live well at a lower cost and with less of a hassle.
Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.
Every time there is a recession, consumers will typically be more cautious, more conservative, take more time, and make more serious price-performance trade-offs.
It's a recession when your neighbor loses his job; it's a depression when you lose yours.
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