So a thought has been recently running through my head about generational differences in the period between the 1930's and today. As I look around there seem to be clear indicators that something is extremely broken with the economy. Right now we are told that because the stock market is doing great that everything is fine but it does not feel that way.
After doing some research there are echos to right before the great depression. When Wall Street crashed the US economy that was sold as healthy did not turn out to be that healthy and was based on heavy debt burdens. This caused the depression to spread as confidence died down. I am not sure about a lot of you but prior to getting stupid lucky almost 2/3 of my checks were devoted to bills if not more. For example out of a $1,000 check I would have $200 left over after credit cards, student loans and other bills.
As a country the US has an extremely heavy debt burden of upwards of 20 trillion, social security will making serious cuts by 2030, and Medicare A will also be facing huge cuts. Add in the fact retirement savings are just horrible considering our life spans and the way this current stupid system is set-up.
If you ask me there is a very serious disconnect between Wall Street and Main Street given this search for profits. I am not sure when a depression will get here and maybe we will have a few recessions in between but something major is coming.