The Winners and Losers of “The Great Recession”
The recession is creating job losses across a wide swath of America and in every industry group. A recent New York Times story took a closer look at which demographic and ethnic groups (and states) are disproportionately feeling the pain of what’s been coined The Great Recession.
The Winners
• Renters, who had no equity to lose in real estate or the ability to take on risky mortgages
• Retirees who rely on Social Security income rather than personal investments
• Young families, who stand to benefit if their investments in the current, depressed stock market normalize in coming years Read more »
