Broke by Design How the Housing Crash Wiped Out a Generation

Join Lora, Heather and Rebecca as they cover The Great Recession and its impact on the "Lost Generation". Lora walks through how low interest rates in the early 2000s led banks to issue mortgages to unqualified buyers driving up housing prices. When rates climbed, borrowers with adjustable-rate mortgages (ARMs) couldn't afford payments, demand collapsed, and home values plummeted causing the housing bubble burst. The crash spread to the broader economy causing reduced spending, higher unemployment, and global impact through interconnected financial markets.

References:

https://www.britannica.com/money/great-recession

https://cfi.co/northamerica/2025/04/driving-through-the-storm-how-ford-avoided-a-bailout-and-steered-towards-the-future/

https://explaininghistory.org/2026/05/04/tarp-and-the-bank-bailouts-did-the-government-save-or-sell-out/

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