Depending on your age, here’s what you and/or your parents have survived so far:
Recessions———Causes
7/53-5/54: End of Korean War
8/57-4/58: Asian Flu(!)
4/60-2/61: Foreign autos entering US markets
12/69-11/70: Stopping runaway inflation
11/73: 3/75: Oil embargo by OPEC
1-7/80: Oil crisis + Inflation
7/80-11/82: Double Dip - Oil and Volker killing inflation
7/90-3/91: S+L crisis, Gulf War, Oil
3-11/2001: Dot Com bust, 9/11
12/07-6/09: Mortgage crisis
2-4/2020: Covid19
Some familiar problems keep repeating, don’t they?
The recession called “Double Dip, etc.” should show a start date of 7/81, sorry.