10 Years After Recession’s End, Millions Are Treading Water Financially: Survey
June 25, 2019 by Michael S. Fischer
Ten years after the end of the recession, 23% of Americans who were adults at its onset in December 2007 — some 47 million people — are in worse financial shape than they were before it hit, Bankrate.com reported Thursday.
Another one in four of respondents in a survey said they were doing about the same now as they were before the recession started.
“The echoes of the Great Recession remain very present in the financial lives of many Americans, despite the improvement in the broader economy,” Mark Hamrick, senior economic analyst at Bankrate.com, said in a statement.
“While some have managed to prosper in the decade since, there are still tens of millions who are struggling to even get back to where they were before the economy took a turn for the worse.”
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