Question

In 2008 the United States, as well as the rest of the world, felt the effects of the recession. After the collapse of the housing market, people lost their jobs and they quit spending money. Many people could not afford their mortgages anymore and their homes went into foreclosure. For many people, it was a time of __________. Group of answer choices Downward mobility Horizontal mobility Social stratification Social inconsistency

Answer 1

Downward Mobility

Step-by-step explanation:

This means that when something like a recession occurs people often move from one social class to another, they loose their jobs and their income sees a drastic change.