Many Americans Feel They Are Worse Off Since the Great Recession
June 14, 2019
Even a decade after the Great Recession’s end, millions of Americans feel they haven’t fully recovered. According to a new survey from personal finance website Bankrate.com, more than half of Americans who were adults during the Great Recession said they had some kind of negative financial impact. Of those who were affected, half say they are doing worse now than before the financial crisis.
Only 46 percent of respondents said they are making more money than they were before. For those who lost their job, more than one-third say they are making less money. Of those who feel they were hurt by the recession, 71 percent lost money in the stock market, 46 percent lost money because of the value of their homes, and 24 percent depleted their emergency savings.