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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.

Parents

  • In addition to the comments made by others, I would add that the people with the lowest incomes are disproportionately affected as more of their income goes towards essential living costs such as rent, food, heating and electricity. 

    People with the highest incomes are doing best at retaining or increasing their standard of living.

    The state of the economy tends to move in cycles and waves, so it is likely that things will get better. Keep hope alive. 

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  • In addition to the comments made by others, I would add that the people with the lowest incomes are disproportionately affected as more of their income goes towards essential living costs such as rent, food, heating and electricity. 

    People with the highest incomes are doing best at retaining or increasing their standard of living.

    The state of the economy tends to move in cycles and waves, so it is likely that things will get better. Keep hope alive. 

Children
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