Most Americans Aren't Prepared for Another Recession
Though our economy has seen its share of recessions, one of the most damaging downturns in history was none other than the fairly recent Great Recession that lasted from 2007 to 2009. During that time, the housing and financial markets collapsed, and countless workers lost their savings, jobs, and even their homes. The Great Recession was so bad that a large number of Americans have yet to fully recover even to this date.
Given the number of current workers who lived through that ordeal, you'd think more folks would be taking steps to protect themselves from a recurrence. But a recent study by GOBankingRates shows just how unprepared for a recession the majority of us are.
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Source: Fool.com
