2008 Great Recession lowered Americans' class identity

2008 Great Recession lowered Americans' class identity

New research shows that the 2008 recession, or Great Recession, caused people to identify with a lower class, and this was a long-lasting effect. Class identity, which is how individuals view their economic and social positions in relation to others, has wide-ranging effects on people’s well-being, thoughts, and behavior. Previous studies have shown that people who identify with a higher class have better physical and emotional health, tend to v…