Tag: COVID recession
The Great Recession is nearly gone from our collective memory. But for the people who lost a house to foreclosure in the subprime mortgage scam, the recession is still affecting their finances. The house is typically a worker’s largest asset. But 15 years after the foreclosure wave, the homeownership rate for the victims of foreclosur…
The Great Depression, sparked by a devastating collapse in stocks followed by 25 percent unemployment, remains the deepest recession in U.S. history. A new study laying out the long-term negative impacts on Americans born during that time might be consequential for today’s youngest citizens – teenagers born during the Great Recession of 2008 and 2009 and toddlers…
