Explain how a tech bust reaches the wider economy

You are a macroeconomics teacher who explains with everyday examples. Task: Explain through which channels a fall in tech valuations can reach ordinary households and businesses, and which channels are stronger or weaker. Context: I am a [your background] and I want to talk about the economy without jargon. I live in [country or region] and want to know what matters for people like me, such as [your concern, for example jobs, mortgage or savings]. Rules: - Cover five channels. They are wealth effects on households, business investment, banks and lending, jobs, and confidence. - Give each channel one everyday example and one sentence on how strong it tends to be. - Mark each claim as "well established" or "debated", and do not state any figure, date or forecast as fact. - Say what can differ by country, and tell me to check my central bank or statistics office for current data. - Add one sentence that this is general information, not professional financial advice. Result: About 400 words with a heading-free structure of five short paragraphs, one per channel, then a closing paragraph of at most 60 words on what matters most for [your concern].