Your normal is history

[Devlesko]

Ok, I can understand that many have either not lived through, or been affected by a recession before.
But do people really expect the past normal, before the virus, to become the normal of the future. AINBU to say wake up and start preparing to maybe lose your job, income, home, and get used to living without the luxuries, as recessions have proved in the past.

Or AIBU and this isn't going to happen and we'll all live happily ever after, just with thousands dead, no recession at all.

Loads of people will return to normal. Even if it takes a while.

Of course not everyone. Some of the million people already signed up for UC are probably acutely aware of this.

Lots of people have already lost jobs and income. How do you suggest those people prepare for the future?

Haven't we all loved through a recession? Like all recessions the poor people will be screwed and the rich will get richer, I don't see why things are going to change because some reason we always vote to keep businesses and millionaires rich and poor people poor.

After the second world war things became a little bit more equal, so I think this will halt some of the destruction to the health service but otherwise I think many things will go back to normal.

Bullshit! The vast majority will go right back to normal, it might take a while but most are heading right back to normal

I get people like you need to be all gloom, but what do you honestly get out of your gloomy thread, does it brighten your day?

Lots of people with mental health issues already live like this; disabled children's lives are limited in scope like this; older people, carers, yep live like this too.
So to lots of folk this is not new, used to it already, you see.

Gosh what’s the point in a thread like this? Presumably most people will take sensible steps to not piss away their savings / overcommit financially / not be a total douche at work to give your employer a reason to off your but what else are you expecting by suggesting people need to “wake up”?

Conflating many persons dead with a happy ever after is a bit silly.

Life is hard. We all know it. No need to rub our faces in it.

A recession doesn't mean that the entire population will become homeless...Many people won't be affected at all, others will be affected less. Health service and education will take another beating.

I think it's too soon to know what the new normal, if there is one, will look like.

I don’t think this will radically change anything in the medium to longer term, no.

The recession will be very tough. Certain industries will take a serious beating.

But in terms of how we organise society / our lives probably not. If the recession is very bad, it might usher in a universal income. That’s about all I can see.

Well isnt this a cheerful thread. It depends what you mean by normal. Eventually yes everything will be normal no need for social distancing businesses open again. For some people yes they will become poorer struggle for jobs have a very hard few years ahead of them. Some will be devestated by the loss of loved ones that will go on for a long time. And yes we will have a bad economy for years. But overall life will return to a sembalence of normal.

Our family life was not dissimilar to this previously. DH has a terminal illness and most infections could polish him off. Although not with the certainty of this one.
We just don’t know, do we? This will go on for 18 months or so and I think we’ll struggle to remember what life was like before.

Once a vaccine and/or effective treatment is available day to day life will very quickly go back to normal. Financially things will be tighter and there'll be an increase in austerity measures as the government will want their money back but that too will pass. The world as we knew it a few weeks/months ago hasn't ended, it's just on pause waiting for us to pick up where we left off.

PS: the last UK recession was in 2008 so unless you are 12 years old or younger, you have already lived through one.

You sound slightly overwrought.

Well, some people win in a recession. There are more losers - obviously - but things change and we get through it. The last recession wasn't that long ago either!

I'm Irish and we have just come out the other side of a shockingly tough recession. Most of us either lost our jobs, took huge pay cuts, ended up in negative equity at best, and homeless at worst. It was worse than the crash in England as so much of our housing boom had been built in corrupt circumstances and so the whole country fell like a house of cards and didn't recover. It lasted from 2008 to about 2 years ago. We got through it. These things happen, you grit your teeth and adapt. Where possible. And you try not to live in fear and dwell on all the negatives. I don't think this thread is helpful. The whole world will be in the same situation, which is actually more comforting to think about than only your own country being up Shit Creek. THAT was frightening!

I just don't think people are considering that normal will be a lot different and we won't go back to how things were before.
It seems like some people aren't getting it, at all.

I don't think the poor will be worse off, you can't have anything taken away if you don't have it.
Those without homes and jobs the real poor can't lose anything else. It's the middle that need to be wary.
From what I can see they don't appear to be, and just think everything will be the same as it was in a few weeks.

There is a mid way between the extremes you describe. A recession which we will recover from but it’s the depth of it that is unknown at the moment.

I have lived through recessions, through big industries dying because technology and whole patterns of living changed, through interest rates going through the roof, through inflation at a startling level, through unemployment across many jobs and professions being very high, through stock market crashes following huge growth built on nothing , through the banking system imploding . All of these rocked the economy and changed the way we lived for a time and there new normal - until the next time .

The recession will be tough, but think it will bounce back much faster than “typical” recessions. Fast down and fast up again.

What a lovely fearmongering thread.

You could lose your job at any point. Even those jobs people that people think are in safe industries (civil service for example). I was at uni during the last recession, I started work in 2011 when the economy was recovering. My first job (utility) made large scale redundancies just after I left in 2013 (not as a result of the recession), the next job I was in (civil service) had redundancies and redeployment whilst I was there (2014). My mum was made redundant 2 years ago from a consulting firm. Jobs can go at any point but it doesn’t mean people stop enjoying themselves because at some point they might lose their job. Hopefully people will be a bit more aware and not overstretch themselves. There will be jobs that are lost and not coming back as a result of this situation. However, there will also be a lot of jobs created. I personally think a big business will be risk management and business contingency.

At the moment, nobody has a clue what normal will look like and when we’ll see it. Most people are going they still have a job and everyone is just in a state of ‘wait and see’.

Entirely unhelpful thanks OP. Lockdown and surviving it should be the focus right now not how much a recession will affect us. No one asked for this post from you.

Scaremongering pointlessness as per

I might be wrong I probably am but aren't you currently on another thread questioning the infectious transmission rate being overstated?