New study indicates that children’s school performance suffers when their father loses his job
February 16, 2021
A recent study suggests that the 2008 Great Recession had an adverse impact on children as well as adults. The findings, published in the journal SERIEs, show that children whose fathers lost their jobs during this time experienced a significant drop in their school grades.
The Great Recession of 2008 marked a period of global economic decline. As financial markets crashed and banks plummeted, millions of people around the world lost their jobs and struggled to regain employment. Study author Jenifer Ruiz-Valenzuela explains that a depleted job market can lead to mental and physical health decline in the unemployed but can also have an effect on the family, including children. Yet, the author says little is known about how children may have been impacted by the 2008 financial crisis.
