I hope the OP clarifies which recession SHE is talking about.
The 2007–2009 recession was the one that was dubbed The Great Recession, but she might mean the covid situation.
2007 and then for years after that, my property value, my house, took a hard hit. I wound up selling in 2012 and lost $150,000! I probably sold a little too low, but still it would have been a loss of over $100k. Other people were dumping property by short sale and foreclosure, but that was not my situation. Those people had very little equity in their houses usually.
My husband was working for a bank, so his salary was frozen for years, but he did get substantial bonuses, just like reported in the media. Not making millions like CEO’s, I just mean there was a way around the frozen salaries.
Interest rates were very low, so I wasn’t making much money on my money. I thought that was bad, but it’s terrible in recent years also.
I didn’t lose much money in the market during the recession. I had most money in very conservative funds, CD’s and savings.
Since my husband had a good job, the recession barely affected me, except when I needed to sell my house, but while living in my house that was not part of my equation. I was looking for a job at the time, and wound up just working part time. Companies were laying off people left and right sbd I didn’t try hard to get a better job.
