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Forum: No point in comparing today with Depression
"Worst since the Great Depression"? Why use such a comparison regarding the current economic downturn? More progress has been made in improving human life in the past 65 years than in any comparable period in history.
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Our lives today are so removed from the 1930s that comparing the current state of the economy to the Depression is ridiculous. The current average salary, after adjustment for inflation, is twice as high as then. Today, 70 percent of Americans live in their own homes; in 1940, 43 percent did. Mortgages today that caused such financial problems are for houses that Depression-era Americans couldn't even dream about. In size, comfort, and outhouses versus bathrooms, homes of the 1930s don't compare to those of today.
At the end of the Depression, one-third of homes had a phone. In this modern "depression," nearly every house has one, and more than 200 million Americans carry one in their pocket or purse. No one had a TV or computer in the Depression, and 80 percent had a radio - considered a miracle broadcast medium then, but passé today.
Back in the 1940s, we visited my paternal grandparents infrequently because they lived 14 miles away and it took a half-day each way in our mule-drawn wagon. Today, two of my granddaughters live a little farther away, and I see them several times a week.
The recent government "Cash for Clunkers" program presumed many Americans wanted to get rid of their not-so-old cars. They obviously did, and were happy to get up to $4,500 from the government to help buy a new one. It must have been fairly easy to get cash or credit to finance the balance. In the 1930s, three-fourths of American families had no car and only could dream of buying one.
We are a more educated people now. Complaints about education are common in America today, but consider the situation in 1940. Eighty-five percent of people over the age of 25 had less than four years of high school, and one-third o
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