What is a list of effects of the Great Recession of 2007 to 2009?

The Great Recession of 2007 to 2009 led to widespread unemployment, peaking at around 10% in the U.S., and significant declines in consumer spending and investment. Housing prices plummeted, resulting in millions of foreclosures and a loss of household wealth. Financial institutions faced severe instability, leading to government bailouts and tighter regulations. Additionally, the recession sparked a long-term shift in economic policy and public perceptions about economic security and inequality.