OpEdNews - Quicklink: Nearly Half of Americans Believe Another Great Depression Is Likely

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June 10, 2011 Permalink
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Nearly Half of Americans Believe Another Great Depression Is Likely

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Despite rosy financial forecasts made by economists this spring, our fears that the nation is about to sink into another depression are reaching depressing extremes. A new CNN poll reveals that nearly half of Americans believe a 1930s-scale depression is possible within the next 12 months. A whopping 19% of Americans believe it's 'very likely' -- the most since the economy tanked in the fall of 2008. An additional 29% said a depression is 'somewhat likely.' If we use the original Great Depression as a model, that means many of us are pondering 25% unemployment and rampant homelessness.

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