The Great Depression then:
Depression Recession now
What are you talking about? Move along, nothing to see…..
“Our Great War’s a spiritual war . . . our Great Depression is our lives” – Tyler Durden
Some depressing charts:
Household Debt-to-Income (meaning how much debt you have in relation to your yearly earnings). Shows how a nation of savers (see 1975) became a nation of consumer serfs.
Unemployment chart. Please note that unemployment is actually much higher- somewhere in the mid-teens as the government does not count people who gave up looking for a job, went back to school because they could not find work, or work part time hours when they wish to be employed full time.
I know the Great Depression was a terrible time in the nation’s history, but at least they admitted it was a Depression- and dressed better.