Future Impact of the Great Recession

Registration for next year's classes began last week and my AP Microeconomics class, which got canceled due to budget cuts last year, was on the list and it couldn't come at a better time:

individuals growing up during recessions tend to believe that success in life depends more on luck than on effort, support more government redistribution, but are less confident in public institutions. Moreover, we find that recessions have a long-lasting effect on individuals’ beliefs.