Half of Americans say their financial situation hasn't improved since the Great Recession
Yet many people's finances haven't recovered from the recession's blows, according to a survey by personal finance website Bankrate.com.
"Even a modest downturn is going to cause further harm to Americans' personal finances," said Mark Hamrick, senior economic analyst at Bankrate.com.The Great Recession has officially been over for a decade. For many Americans, there's little reason to celebrate. Many people's finances haven't recovered from the recession's blows, according to a survey by personal finance website Bankrate.com.
"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," said Mark Hamrick, senior economic analyst at Bankrate.com. More than half of Americans who were adults amid the Great Recession said they endured some type of negative financial impact, Bankrate found. And half of those people say they're doing worse now than before the crisis.
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