Video: The Depression and today

Video

Video

Although times may seem difficult now, it could be worse. Survivors of the Great Depression share their wisdom and insight on the economic turmoil.

Although times may seem difficult now, it could be worse. Survivors of the Great Depression share their wisdom and insight on the economic turmoil.

 

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Comments

Was born in 1934; therefore, I have only a childhood recollection of the depression. My dad had a steady $35.00 a week job during that horrible decade in our history. Even with a 10% pay cut he had to take in 1938, we were looked upon as fortunate, being able to live in our own house in a good neighborhood and having a late model car to drive.

Fast forward 70 years later to the present day. My investment portfolio has taken a sizeable 6 figure hit in the current market meltdown coupled with a nearly $20,000 a year loss in dividend income. Nevertheless, I own a $200,000 house in a nice neighborhood "free & clear" am otherwise weathering this 2009 version of "hard times" in an even better fashion than my parents did in the Great Depression. Now, if only my son, with his newly-minted MBA could get work commensurate with this hard-earned degree!!

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