“The Great Recession caused many middle-aged workers to lose high-paying mid-career jobs and suffer plunging home prices that eroded their wealth, Bankrate noted. Not only does that contribute to inequality, but it also makes it less likely that these workers have enough saved to survive their retirement.”
I’d think many lost their savings and investments, but plunging home prices was not the problem in my view. Home prices didn’t even correct in many places and how does it make you richer anyway. You’d need to sell your home during a peak and then uproot to somewhere much cheaper.
