Ten years ago , Lehman Brothers financial services filed for bankruptcy, fueling a crisis that shook confidence in Wall Street and causing the housing market to explode. Theres evidence to suggest were in the midst of a steady recovery , but many Americans are still dealing with the fallout. According to a survey from the Transamerica Center for Retirement, nearly six out of 10 workers say they have not fully recovered from the Great Recession. Seven percent says they might never recover. Greg Ip of The Wall Street Journal shares his view on how the financial crisis has rocked the consumer ethos: The failure of Lehman Brothers exposed how cavalier the world had been toward risk. Households had bought homes they thought could never go down in price,...
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The Great Recession, Ten Years Later