Archive for September 22, 2018

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Written by Wall Street News on September 22nd, 2018. Posted in Homepage

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In the months and years following the Great Recession of December 2007, millions of Americans found themselves in frightening financial straits. Not only did 8.7 American lost their jobs between December 2007 and December 2009, but the majority of unemployed workers found it difficult, if not impossible, to find new employment that offered a salary even close to what they were making.

While the Recession was often blamed on the irresponsibility of banks, large corporations, the auto industry, and Wall Street, it is impossible to lay the blame on any single entity. After all, every American with debt had some role in the disaster. The reality is, if Americans were willing to live within their means, and use credit sparingly, money experts contend that the Recession could have been prevented.