If you listen to finance gurus, you will hear that millionaires are created during recession. That’s because recession brings inflation and market downturn, therefore buying more and stop selling during a recession might be a good strategy. However, there are challenges. And one major challenge is, recession will have an adverse affect in your income and purchasing power. Therefore, normal people may not have the funds to buy more asset. Even though asset prices are low, it's challenging for regular individuals to build wealth in such economic conditions.
