In 2014, I published two chapters in an academic journal called The New Faces of American Poverty: A Reference Guide to the Great Recession. One of these chapters, entitled Access to Credit, covered the effects of tightening credit conditions on the economy’s recovery.
While one cannot to directly compare 2008’s recession conditions to today's economic situation, it is worth familiarizing yourself with how credit works when making a large purchase and the impact it has on the world’s economy. Follow the link below to learn more.