So, you think the economy is bad today? Think this generation can "feel the pain" of their grandparents/great grandparents suffering during The Great Depression?
Think again.
According to a recent article in The News & Observer, Not Your Grandfather's Depression,
"it is at this point dangerous to link [today with the Great Depression] too quickly or too closely, for today's economic problems, however serious, pale in comparison to those the U.S. experienced in the 1930s."Take a look at this chart gleaned from the data in that article:
| Measure | Now | Then |
| Duration | 17 months to date | 12 years |
| Gross Domestic Product | Slight fall | 30% drop between 1929 and 1933 |
| Unemployment | 8.5% | 25% |
| Living Beneath Poverty Line | >13% | 51% |
| Bank Failures | 50 | 5,755 |
| Mortgages in default or one month behind | 10% | 43%-54% |
Still think we've got it rough?
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