I think for a lot of people/countries they're already in a far worse place than 2008!
Turkey inflation at 60% + Earthquakes, Argentina at 50% or so, Even the UK at 10% but really things like food inflated to over 20%. By comparison inflation for UK in 2008 was considered 'at high levels' of 3%, briefly peaking at 5 lol...
inflation ain't everything but it kinda spells out how fucked you are more generally