Below, we break down how the recession came about, the Democratic Party’s failure to meet the moment, and how we’re still living with the consequences. In December 2008, the nonprofit National ...

In 2007, high-risk mortgages started defaulting, which triggered the meltdown in 2008. The Great Recession of 2008 lasted 18 months, although the effects of the subprime meltdown have impacted the ...

Recessions feel interminable because of their impact on the job market, stock market and household budgets. The actual downturn might end in 10 months, but it “may take us longer to bounce back,” said ...

noting how the pandemic further reinforced this lesson from 2008, when layoffs and healthcare loss happened simultaneously for millions of Americans. The Great Recession prompted unprecedented ...