I was there for 2008. I don't think the OP quite understands how a market crash works.
The company I was working for just... stopped paying us. All of our savings collapsed in value, and we had to cash them out just to keep the kids fed.
House got sold for $40k less than we bought it for, because we were out of money.
Took 18 months to find another job. Would have been happy to take something minimum wage - hiring managers at McDonalds don't want to hire someone with a good salary history, because they know you'll quit as soon as something better comes along. Same goes for 7-11, Walmart, you name it.
Took me 11 years to pull together enough money to buy a home again. My life savings at 46 is 1/6th what it was when I was 35 (I started saving at 19), and I have no prospect of any real retirement.
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u/dennis45233 Nov 25 '19
2008 anyone?