Worse than the Great Depression from 2007 to current; the average salary from 1930 for an average American individual was $4900( adjusted for inflation $85,000 annually for one person) as of 2023 the average salary is $56,000 annually, making less than the height of the Great Depression. In 1930 Gasoline was 10 cents a gallon or $1.73 adjusted for inflation, today the average is $3.55. To buy a new car in 1930 it would be $860— worth about 15k adjusted for inflation, today is worth a whopping $48,000. Key to the American Dream to buy a house in 1930 would be about $3900— less than 70k today, the average price today? $416,00. This is no secret, and nobody is saying a thing.
Ladies and gentlemen, let us awaken to The Silent Depression and it didn’t begin with the Covid Pandemic…
by The Observers August 24, 2023
Get the The Silent Depressionmug.