Median U.S. household net worth hit a record high in 2022—but the 30-year climb was bumpy, and some families still haven’t ...

Consumer sentiment is down, but spending is up. What gives?

The numbers suggest a small but growing share of American consumers have fallen into a pit of credit card debt. It's hard to dig out.

Economic uncertainty often forces a shift in how we spend and save. During the Great Recession of the late 2000s — when unemployment hit 10% and home values dropped by 30% — many tightened their ...

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 ...

The children that weren’t born after 2008 are starting to show up in enrollment, or lack thereof. It's pretty simple what happens when student go missing.

It seems like everyone is constantly complaining about how horrible the job market is these days, which led some people to reflect on how job hunting now compares to doing so during the Great ...

Lehman Brothers, once the fourth-largest investment bank in the U.S., declared bankruptcy on September 15, 2008, marking the largest bankruptcy filing in U.S. history and a pivotal moment in the ...

When the subprime crisis broke in the 2008 presidential election year, there was little chance for a serious discussion of its root causes. Candidate Barack Obama weaponized the crisis by blaming ...

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 ...

Politicians, ugly buildings and whores all get respectable if they last long enough." I wouldn't necessarily slot former Federal Reserve Chairman Alan Greenspan into any of those categories, but the ...