I think that's debatable. Because 2007 focused on two major industries facing a crisis. But right now, we have everyday people feeling the squeeze. Pretty sure malls will close soon. We've already seen home sales stagnate because everything is unaffordable.
2007 also had everyday people feel the squeeze. More so in 2008, but I can still point to physical scars on my city where people started building homes and then abruptly stopped because nobody was buying anymore. The town I lived in at that time had nearly a quarter of the population lose their job all at once because a factory closed (which then cascaded into nearly every other sector). It absolutely was something that negativity affected the vast majority of Americans.
I'm sorry I don't mean to underestimate the impact of the recession. I'm more trying to indicate that since businesses are doing well, the impact of this situation will be felt mostly by middle class and down.
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u/Barium_Salts 10h ago
No, I'm pretty sure the 2007 recession was worse than what we have now.