The Economy

Are we in a depression? Some people may think we are but others think differently. Right now we are in a recession which could possibly lead to a Depression but I don't think it will be as bad as the 1930's Great Depression.Even though there are many similarties between today's economic crisis and the 1930's crisis there are also many differences. The 1930's Great Depression consist of money not being equally given out to both the middle class people and the rich and, the stock market. People who invested in the stock market only invested because it was a quick way to "make money" which prices started to get very high which then all of a sudden one day just crashed. Today's recession is based on the housing market which is just like the stock market crash because it led to drops in other property markets. So if today's recession is very similar to the 1930's Great Depression wouldnt you think that would scared us? Well I guess it doesn't because we are spending our money on stupid things we think we "need" but we really don't. Us as kids today are just as bad as adults because we spend all our money on stupid and, worthless things. We dont understand that being in this recession is scary and that it's causing people to lose their jobs and god for bid our parents lose their jobs we could be stuck with nothing in the end if we spend our money stupidly. So I think that we should start spending our money wisely just incase we end up in a Depression just like in the 1930's.