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Question to people aged 40+

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I am 29, and I watched a documentary about the 2008 financial crisis, and of course I was too young in 2008 to really "feel" it. It got me to think about our current economic climate, so my question is relatively simple to those who were adults in 2008:

Is the world right now in an actual really, really tough time economically, or am I and my peers just "feeling" and "seeing" it because we're now adults? For example, did you feel similarly, or perhaps even worse, during and after 2008?

Sorry if I sound ignorant, just don't know how much I can trust my own instincts as I tend to overdramatise things presented to me by media.

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  • We are still feeling the effects of 2008 as  has said, but we are also affected by the aftermath of the Covid pandemic, Brexit and now the Trump Effect. Even with all these things I feel the economic crisis in the 80's impacted people more. Not only was there massive unemployment but the interest rate went so high that mortgage payments doubled in a very short time and many people had their houses repossessed. Also I would trust very little of the media, especially newspapers which are owned by people with enormous political biases. You really need to gather information widely and use your own judgement. Unfortunately I believe most of us can do nothing to influence any change, too much power resides with a tiny minority of people and that doesn't matter which country you reside in. My view is that AI will not be the miracle cure for our wows and that unemployment will rise to numbers similar to the 1920's and the Wall Street Crash. 

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  • We are still feeling the effects of 2008 as  has said, but we are also affected by the aftermath of the Covid pandemic, Brexit and now the Trump Effect. Even with all these things I feel the economic crisis in the 80's impacted people more. Not only was there massive unemployment but the interest rate went so high that mortgage payments doubled in a very short time and many people had their houses repossessed. Also I would trust very little of the media, especially newspapers which are owned by people with enormous political biases. You really need to gather information widely and use your own judgement. Unfortunately I believe most of us can do nothing to influence any change, too much power resides with a tiny minority of people and that doesn't matter which country you reside in. My view is that AI will not be the miracle cure for our wows and that unemployment will rise to numbers similar to the 1920's and the Wall Street Crash. 

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