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re: The unluckiest generation in U.S. history

Posted on 5/27/20 at 1:34 pm to
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 5/27/20 at 1:34 pm to
quote:

Hilarious ! Can you imagine if you were born in 1925 ? No A/C, want chicken ? kill it in the back yard !, the Great Depression, WWII, the assassination of a President, Vietnam, race riots, crime, AND the two recent economic 'slowdowns' and pandemic. This is my mom's life so far. Youngsters should feel very fortunate


Okay, I'll play:

Your mom was 22 in 1947. Assuming she retired at 65, her working years consisted of one recession of GDP decline greater than 3% (-3.2% from 1973-75)...leaving another 15 years of recovery.

For comparison sake, the Great Recession was -5.1%. CBO is estimating 2020 recession to be -5.6%.

That's two 5%+ GDP contractions in 12 years compared to one 3% contraction over 43.

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