What happened to people during the Great Recession?

 There were basically two of more groups of people. However, the ones I want to focus on here are basically these two groups.

The Third Group that was Screwed by the Great Recession didn't own a house or Stocks and they suffered horribly too but they also suffered before the Great Recession as well. So, it didn't seem as bad as it seemed to those who were paying for Subprime Loans or for people who owned Stocks and Bonds.

So, the two groups of people that I want to focus on here is first the people who owned stocks. 

Basically, what happened to people who owned stocks was that their portfolios of stocks dropped 2/3 in value nationwide pretty much. 

What did this mean to the whole economy? It meant that either people sold all their stocks at a real loss of 2/3 or more from their original investment (which was a lot of people who lost everything this way). Or

They held onto these stocks for around 10 years (not touching them at all) pretty much) until the value of the stocks returned to a level of before. So, only the people who could afford not to touch their stocks for around 10 years could even break even from about 2009 until at the very least 2014 to 2019. They could of course buy more stocks from 2009 to 2019 but they couldn't sell their original Stocks from before 2009 without being financially harmed in a significant way. However, it is true that if they owned dividend stocks they still were earning money every year but much much less in dividends at a greatly devalued stock price per share.

So, for example, the people who needed this investment to survive and sold their investment at a 2/3 price of what they paid for it were often financially destroyed by doing this and could never retire if they were near retirement. However, younger people had a chance to recover but people who were 60 to 70 at the time of 2009 often could never retire and maybe partly could recover if they were 50 years old or so.

Then there is the next group which is people who had gotten Subprime Loans. One of the rules usually of subprime loans is that they have an Adjustable Rate Mortgage.

what this means in real time is that this rate is adjustable usually only up but not down. So, if you were paying 1000 dollars a month mortgage during the Great Recession you might be paying 2000 to 3000 a month mortgage and many people could not afford that and walked away from their mortgages and their homes and many had to declare bankruptcy.

However, then millions of people had to do this because their houses went underwater which means that the value of their homes dropped because too many people near them walked away from their homes which devalued their homes to the point where they could not sell their homes and ever break even.. So, financially it was easier for them to simply walk away from their homes even if they had to go bankrupt because they couldn't ever recoup their investments in this house or houses. 

So, the people most destroyed by the Great Recession were. middle Class people who lost all their stocks for retirement and then lost their homes because the homes went underwater.

And since middle class people's wealth is often in their homes and sometimes stocks this made all of these people very very angry that the banks in giving them subprime adjustable loans had destroyed their lives.

And the people most pissed off of all voted for Trump as revenge against our nations banks who they felt had destroyed their lives financially.

Were the banks to blame? I would say the Banks officers who made incredibly amounts of money selling subprime loans to people who were not really qualified for these loans were to blame the most for the Great Recession. And this bankrupted thousands to millions of people who could never buy a home again likely because they had had to declare bankruptcy or leave the country one of the two and never return once they left or they would be liable for everything.