You know your kids are growing up when they ask a question like the one my daughter asked a few days ago, “Hey, dad, do you think we’ll experience a depression in your lifetime or mine?” As much as I’d like to shelter her from life’s unpleasant realities, that question deserves an honest answer.
How would you answer? Before responding, I thought of the 1930s, the Great Depression, and black-and-white photos of soup lines. “Well, we recently experienced a worldwide Great Recession,” I explained. Thinking about our family expenses, I added, “It feels like we’re still in that recession.”
“During the 1930s,” I continued, “the effects of the Great Depression, were easily recognizable. But, we don’t see food lines today because the federal government sends food assistance directly to homes in the form of ‘food stamps.’ But tens of millions of people are struggling.”