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If I upgrade to premier elements 2019 from using premiere elements 8 will I be able to complete any unfinished elements 8 projects in the latest version without any problems.
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No! Not a chance!
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I agree. I wouldn't even recommend finishing a version 15 project in version 2019.
Premiere Elements is not designed to be backwards compatible. And trying to open an older project with a newer version of the program will often corrupt the project and make it uneditable in either version.
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The vote is 2 to 0 against it! There is always a remote chance if the old project is very simple with no adjustments, transitions, etc.
You can download a free trial copy of 2019 and try it. Be sure to make a copy of the old version's project file so you don't ruin anything.
Still, all is not lost. You can output a finished video from the old version and use it as input media in the new version.