Recession or Depression?

[Bit]

Originally Posted by Corkey

My parents were of the Great Depression era. Now let me explain why I think we are in a recession and not a depression. Our banking system though bruised is still functioning, our supermarkets still have food on their shelves, and though there are millions without jobs, there are millions more who do. ....

I've heard that the unemployment rate during the Great Depression was 25%. I can't imagine what it would be like if one in every four of us were unemployed. It's difficult enough now when it's one in every nine or ten, yanno? And while the safety net is ripped and torn and too many people fall through, we do have at least a minimal safety net in place, for instance, food banks and utility help in many places.

My mom was a Depression Baby. I find myself thinking her favorite quote again and again... "Use it up, wear it out; make it do or do without."

Originally Posted by Sachita

lol- oh this is for Bit- No stinking toilet paper! lol I know you'll remember some of the post we shared about survival.