Great Depression vs. Today

[teacups]

What do you know that you can share with the rest of us about the two?
Seems like we should be able to learn (what to expect. What to do next. How to prepare. How to stay ahead of it. Etc.) from the actions of our past... but so many don't know much about it.

Anyone?

 

[CowboyCO]

I talked to my Dad about this very subject. He was born in 1929, the 7th of nine children in Oklahoma. How did they make it?

Everybody pitched in. Any odd job money went in Grandma's jar. They raised their own chickens, pigs, cows. My Dad's sister and her husband moved in because he was unemployed. They didn't buy anything that wasn't needed.

They didn't borrow money. They worked hard, had each other and that was enough.

He also said we are LIGHT YEARS away from even being close to how bad it was during the depression. 25 percent unemployment. Very few welfare programs. You were on your own. He says it made people stornger to have to work hard for not much return.

 

[portocall]

I asked my grandparents since they were teenagers during that time. They said the great depression barely affected them and were just something they read about in the newspaper. My great grandfather owned a grocery store and had to stop letting people use credit, which despite what they said, was a popular way to shop even back then. But then it wasn't the big banks, it was the mom and pop shops that did it, without interest rates to boot. They learned to save money for a rainy day.