Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

10 Signs The Great Depression Is Already Happening

March 14, 2023 · Personal Finance
rich buffett depression
Photo by Ground Picture from shutterstock.com

How to prevent another economic depression:

As all Americans are troubled by the idea of another “Great Depression”, economists made a list of policies that might avoid that:

A colorful watercolor illustration of a bank building with a river of money flowing out into a town.
A river of money flows from the central bank into a town, illustrating expansionary monetary policy.

Expansionary monetary policy

An expansionary monetary policy usually involves cutting interest rates in order to encourage investment and borrowing. As interest rates are lower, consumers will be able to enjoy their money more (because of added value), and they’ll be encouraged to spend more.

A diagram comparing high government spending on stimulus and infrastructure against low tax revenue.
Infrastructure and stimulus spending create a deficit when government costs exceed the revenue in the jar.

Expansionary fiscal policy

An expansionary fiscal policy basically means increasing the overall government budget, reducing taxes, or even both. Tax reduction offers consumers a disposable income, which encourages spending.

Pages: 1 2 3 4 5 6 7 8 9

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • Senior woman reviewing a prescription medicine bottle at a kitchen table beside a handwritten monthly budget notebook. 6 Programs That Help Retirees Pay for Prescriptions
  • Illustration of attic storage transitioning into an auction gallery displaying vintage vinyl records and board games. 7 Items From the 1970s That Are Worth a Lot of Money
  • Senior woman sitting at a sunlit wooden table looking out the window near a benefit statement and coffee mug. Why Your Social Security Raise Might Be Smaller Than You Think in 2027
  • Watercolor illustration of an older couple sitting at a wooden table reviewing documents, medication boxes, and a calendar. 8 Medicare Changes Coming in 2027
  • Smiling senior man in a plaid shirt and apron tending to potted plants outside a greenhouse. 10 Jobs That Require Zero Prior Experience and Hire Retirees on the Spot
  • An older man wearing a denim apron and gloves tends to potted plants on wooden shelves inside a greenhouse. 12 Low-Stress Part-Time Jobs Perfect for Retirees
  • A senior man wearing glasses sits at a wooden kitchen table reviewing a financial statement beside an open notebook. Can I Stop My Social Security and Restart Later?
  • Illustration of a Social Security card featuring a heavy gold bank vault door in the center. 10 Riskiest Places to Give Your Social Security Number
  • A woman in a sunroom looks at her phone next to a Social Security statement with the age 62 circled in yellow. Social Security COLAs at Risk for Millions — Here's Who the New Proposal Protects (and Who It Doesn't)
  • Mature couple sitting at a wooden kitchen table reviewing retirement planning documents and budget folders. 6 Key Risks That Could Drain Your Retirement Savings

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

A retired man in a knit sweater sits at a wooden kitchen table in soft morning light, reviewing a financial paper statement.

The Hidden Inflation Categories Hitting Seniors Harder Than Headline CPI

Discover why official inflation metrics fail retirees and learn how skyrocketing healthcare, home insurance, and…

Read More →
A senior citizen reviews paperwork and a smartphone showing a website at a sunlit table.

Beyond Social Security: Other Government Benefits You May Qualify For

A Brief Note on Taxes and Benefits A common question that arises is whether these…

Read More →
A close-up photograph of a person at a kitchen table reviewing their bank accounts on a phone next to a notepad of calculations.

Using Autopay? Avoid These 6 Common Mistakes

Learn how to avoid costly overdrafts, late penalties, and budget traps when using automatic bill…

Read More →
A retired couple confidently reviews financial documents together in their sunlit, cozy living room.

How to Protect Your Retirement Income From Inflation

Learn practical, actionable strategies to protect your retirement income from inflation, including TIPS, I bonds,…

Read More →
An editorial illustration of a mailbox with a Social Security check inside, having a 32% slice snipped off by scissors labeled Medicare.

Medicare Part B Ate 32% of Last Year’s COLA. Will It Happen Again in 2027?

Discover how rising Medicare Part B premiums devoured 32% of the 2026 Social Security COLA…

Read More →
What about stop-and-go traffic? Can I save some gas by turning off my vehicle?

Seniors: Will You Have to Retake Your Driving Test This Year? What You Should Know About DMV Rules

A senior man researches retirement locations on a tablet while overlooking a scenic coastal town…

Read More →
things you'll always get cheaper in the fall

10 Things You’ll Always Get Cheaper in the Fall

Tents and sleeping bags Fall is the perfect season to buy that camping gear you’ve…

Read More →
Ink drawing of a person cutting a giant price tag to reveal a lower price underneath, symbolizing the power of negotiation.

10 Things You Should Always Negotiate but Most People Never Do

Learn how to negotiate everyday expenses like medical bills, credit card rates, rent, and insurance…

Read More →
An older couple sitting at a wooden kitchen table reviewing their finances with a calculator and bank statements in warm morning light.

Could Your Social Security Check Change Next Year?

Discover how the upcoming COLA projections, Medicare Part B premiums, and updated earnings limits will…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.