Were you born after 2008? that was a crap economy then. Currently employment is high the main problem is inflation.
I think they mean in terms of the cost of living as a result of inflation. The current situation is way worse than what we experienced during the economic crash of 2008. We didn’t have energy bills increasing by 300% or mortgages going up by nearly £600 a month back then. I bought my first house in 2007 and it was a difficult time but right now Europe is experiencing its worse ever financial crisis with the pound being worth less than a dollar for the first time ever and inflation at a record high.