Ten years after banking crisis, Americans still feel ripples
After buying her Brockton, Mass., home in 2005, Shirley Thomas had to work three jobs to make the $3,000 monthly payment. When she was so overworked she had to give up one of the jobs – grocery shopping for the elderly – she began to fall behind on her mortgage payments.
That’s when the foreclosure walls began to close in.
“I couldn’t keep up,” says the African-American grandmother.
Like Ms. Thomas, many Americans went through the wringer of the Great Recession and came out poorer on the other end. A decade later, many still have not made up the lost ground. It wasn’t just the loss of income or
The long tail of a banking panicForeclosures and recovery on Main Street
