The great depression changed a lot of people. Just to digress a little bit the roaring twenties were not roaring at all.
There were three recessions in the USA. A tribute to classical economics
In the UK per capita GDP was lower at the start of WW@ then it was at the end of WW1.
finally here in OZ unemployment rarely got below 8% which meant for many the twenties was one big recession.
however the great depression brought on a large behavioural reaction. People became frugal and were thrifty in life. Bear in mind although similar they are not the same thing.
It took until the 80s for Australians to embrace debt. It was seen as a one way ticket to financial success. Financial planners played up the rewards and downplayed the risks.
The coronavirus depression has shown everyone the value of saving for a rainy day and the risks involved when you go heavily into debt.
If attitudes change the consumer spending will be muted.
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