This came up in a discussion I viewed (another podcast)....talking over differences economically today, and 1929.
1929....you drunk water from the tap...either coming from the city or your pump on the property. Today? You buy around $100 of bottled water for the family per month.
Today, you eat out with the family around ten times a month. Back in 1929....you at mostly at home.
1929, you probably owned a car but had zero insurance. Today? You pay around $300 minimum insurance on the car.
1929, you had no cable TV. Today? You pay $150 for cable.
Today, you have a couple of I-Phones for you and the kids, for $300 a month. 1929, phone service was just starting to get into the system in rural areas.
1929....a movie ticket was 35-cents. 2024? Anywhere from $9 to $20.
1929....a cup of coffee ran around 5-cents. 2024? You'd pay near $4 for the mega-cup at some name-brand coffee shop.
For 1929, it wasn't that big of a fall for the recession. For 2024? It's a massive fall if the same type of recession were to occur.
