A Decade Later, Global Economy Still Reeling From Collapse
It’s far from over. The financial crisis of 2008 sent shock waves through the global economy, upending lives as seemingly disconnected as American hedge fund managers and British store clerks. It felled banks, withered retirement accounts and shuttered storefronts. Even today, as the U.S. approaches full employment, some wonder what’s recovered: the economy, or the people working in it? Prices have outpaced earnings, and many find themselves worse off than 10 years ago. Meanwhile, lingering fears entertain the possibility of another crash.