The great recession has shaped at lest two generations the way the great depression shaped a couple of generations.
My parents were products of the depression and it shaped the rest of their lives and rubbed off on my.
Generation X is probably most shaped and affected by the great recession. It hit them in their growth years. They will be playing catch-up much of the rest of their lives.
I didn’t care what they called it. I saw it as another depression.
We did have social programs to help people out, but that was not just a recession > IMO.