Building an Economy that Works for Everyone

2008-09 recession: The most damaging to household finances since World War II

If you want insight into just how damaging this recession has been to the fabric of the American economy, here is a short must-read post from Kevin Drum on Mother Jones: Chart of the Day – Financial Assets:

There were no net withdrawals during the 2001 recession. Nor the 1991 recession or the 1981 recession. Nor during the oil shock recessions of the 70s. Not during any recessions until now. It’s just another way in which the the 2008-09 recession has been the most damaging to household finances since World War II.

blog_household_assets

  • Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More To Read

June 14, 2024

Join us for EOI’s 2025 Changemakers Dinner!

Celebrate the powerful work of our community and the significant policy strides towards economic justice in Washington

June 14, 2024

The Rising Economic, Social and Political Cost of Anti-LGBTQ Laws

The harm done by anti-LGBTQ laws expands so much further than queer children and teens