Topics

Personal Finance
Shocked into reality by the Great Recession
Shocked into reality by the Great Recession

Anna Newell Jones knew she was living well beyond her means when the Great Recession struck: She was $24,000 in debt. What surprised her, though, was how quickly she climbed out of that hole during the agonizingly slow recovery. She had a lot of work to do to cut costs, start saving and stop being what she called "a slave to the economy." Before the Great Recession, most of her $28,000 annual salary as a court clerk went to paying the mortgage on a one-bedroom duplex in Denver. She had turned to credit cards to pay for fancy dinners, vacations, furniture and more. "I had always thought that a recession was something that happened a long time ago and it wouldn't...

Loading