The recession affected those living in the United States in number of different ways. Some people lost hours at work, which made caring for their families difficult, and others found themselves drawing unemployment and scrambling to find a new job. The recession also did lot of damage to the housing market. More homes went on the market than there were buyers, which led to homes selling for well below market value. As many found themselves trying to rebound from the recession, they often looked at equity lines to cover the costs they have.