|
I trust my bank so the money in the accounts is not what I am worried about. Thankfully I am with a very small but highly rated bank that only did triple A prime lending etc. They are clean.
Now the concerns could/would be say a retirement portfolio that took a major hit and will continue to get hit hard for awhile. IRA is way down, stock portfolio is way down, etc.
Then lets see inflation is bound to happen which will raise the prices on everything which makes it as if people have less money anyways. Specially since nobody is getting raises.
Then everyone else who is effected will be spending much less, they are our consumers. Without consumers we earn less. Earning less = less to save for future and less to spend on services that can be cut such as design.
|