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Sorry, bud, but I have a background in American history, so I know what I'm talking about. 2008 was NOTHING like 1930, starting with the fact that in 2008 various parts of the country were affected to far different degrees whereas the Great Depression brought universal and unparalleled misery to the entire country.
Very true. Where I live, there wasn't a recession, the so-called recession seems to have affected only some parts of the country.
Very true. Where I live, there wasn't a recession, the so-called recession seems to have affected only some parts of the country.
Here, too, the effects of the recession were modest, and there's been general improvement over the last year or so. Essentially, the worst effects of the recession were felt in the states, and specifically those parts of states, that were affected by the housing bubble: Florida, California, Las Vegas, Phoenix, coastal resort areas like Myrtle Beach, SC, etc. Other areas that were hit hard relied heavily on the auto industry (Michigan and other Great Lakes cities/states) or on finance/banking (NYC).
How looooooooooong and sloooooooooow a recovery can be.
back when it started all the experts said 6% unemployment for 6 months with a worst case of 8.2%.My prediction was for at least 10% for 10 years and i'm sorry to say so far Im right.
I wouldn't go that far. The top 5%, maybe. But being at the 20th percentile mark means your average household income is about $100k... which is just a man and a woman both with $50k a year jobs.
Here, too, the effects of the recession were modest, and there's been general improvement over the last year or so. Essentially, the worst effects of the recession were felt in the states, and specifically those parts of states, that were affected by the housing bubble: Florida, California, Las Vegas, Phoenix, coastal resort areas like Myrtle Beach, SC, etc. Other areas that were hit hard relied heavily on the auto industry (Michigan and other Great Lakes cities/states) or on finance/banking (NYC).
I actually don't know anyone where I live who can't get a job or couldn't get one in these past few years.
I have one relative that saw unemployment as 99 weeks of paid vacation and he made the most of it but the 99 weeks ended and he just got up and got a job -- no problem. Another relative and her husband did have problems, they lost their home and couldn't find work so they just packed up their old car and headed to North Dakota and found jobs immediately there. They got homesick and moved back to their home state figuring things were better but they're almost 60 years old and couldn't find work, so they're back in North Dakota and working again. The cool thing about them is that they didn't seem at all bothered but faced it as an adventure, the wife says there are thousands of jobs there.
Even my dad who was in his 80s had to prove to himself he could still get a job and so he got one, it was as a campground host which he said was an easy job, he really liked it -- but he had to show the world or himself he was still employable.
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