As always that was bloody fantastic . <| sep |> Sure thing . Rich people lose the most money in numerical terms in recessions , but usually they ' re the only people with money left to invest . Just because a recession hits doesn ' t mean investment opportunities go away , so while everyone loses money in the recession , the rich are the only people who can reap the high returns afterwards , so the poor are fucked by the recession and then can ' t reap the rewards of the expansion . This was particularly a problem during the housing crisis because most people ' s wealth was tied up in their homes Black wealth in America , in particular , was destroyed by the 2008 recession and those are the assets that lost the most value , unlike , say , a stock market crash , which directly impacts the wealthy much more .