The Great Recession of 2008 marked a particularly difficult time for Americans, with effects that reverberated around the world. Few remained unscathed as lay-offs and foreclosures mounted. While the ...

When financial pressure builds, consumers tend to ditch high-end purchases and turn toward bargain retailers ...

Class identity, which is how individuals view their economic and social positions in relation to others, has wide-ranging effects on people's well-being, thoughts, and behavior. Previous studies have ...

The 2008 financial crisis upended lives overnight; jobs disappeared, savings shrank, and uncertainty became the norm. But some people didn't just endure it, they adjusted. They cut back, changed ...

I lost everything in 2007 at the start of the recession. I was just 23 years old and suddenly homeless. First, I lost my job overnight. With no income, I struggled to find a new apartment — just a few ...

The generation of avocado toast is sharing its recession knowledge with the young ones. After going through the 2008 recession, millennials are experiencing déjà vu — and fears of a pending economic ...

Two recessions, two very different responses: One cost me millions, and the other grew my business 10% that same year. During the Great Recession of 2008, I reduced my marketing, and it cost me ...

Class identity—whether a person identifies as upper, middle, or lower class—shapes how we behave, who we interact with, and many other fundamental life choices. But despite its ubiquity, the formation ...

With recession risks rising, higher ed faces very different circumstances than it did during the Great Recession, Daniel A. Collier and Michael Kofoed write. The U.S. economy contracted slightly in ...