Part 5/9:
Contrary to the tumult of the previous decade, the 1990s welcomed a period of growth and stability. The end of the Cold War ushered in economic expansion from 1992 to 2000, with GDP averaging a 3% increase annually and unemployment falling to under 5%. Adah, a nurse who began her career in 1993, encapsulated the optimism of that time, believing she could secure a better future for her family.
However, even amidst prosperity, early warning signs emerged. By the end of the 1990s, housing prices began to surge, outpacing wage growth dramatically. This foreshadowed the challenges ahead.