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RE: LeoThread 2025-01-24 13:25

in LeoFinance3 days ago

Part 6/9:

The global financial crisis of 2008 struck Britain like a devastating earthquake, obliterating savings, collapsing banks, and leaving millions in economic despair. Adah's wages stagnated, and the once-accessible dream of home ownership slipped away from her children, whose average age for first-time buyers rose from 23 in the 1960s to 30 by the late 2000s.

Austerity measures that followed the crisis further eroded public services, which had once supported a burgeoning middle class. Between 2008 and 2012, real wages saw their worst decline since World War II, while housing affordability dwindled and inequality escalated.

The Modern Shift: Remote Work and Geographic Arbitrage