What people are affected most by recession?

During a recession, low-income individuals and families are often the most affected due to job losses and reduced job opportunities, making it difficult for them to meet basic needs. Small businesses are also severely impacted, as consumer spending declines and access to credit tightens. Additionally, marginalized communities, including people of color and those with less education, may experience disproportionately higher unemployment rates and economic instability. Overall, the effects of a recession tend to exacerbate existing inequalities within society.