Is Another Great Depression Coming?

The rise of inflation, job market issues, and the Russian invasion of Ukraine have voters increasingly worried about another Great Depression.

Rasmussen released new polling showing Americans are more pessimistic about the economy under President Joe Biden.

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“Most Americans don’t expect the stock market to rise in the next year, and more than half worry that the U.S. could face another Great Depression,” Rasmussen said. “The latest Rasmussen Reports national telephone and online survey finds that just 27% of American Adults believe the stock market will be higher a year from now, while 31% expect the stock market to be lower in a year. Twenty-four percent (24%) think the stock market will be about the same in a year, while 18% are not sure. These findings are a slight improvement from September, when 26% expected the stock market to be higher in a year and 36% thought it would be lower.”

The poll comes after the Bureau of Labor Statistics released new inflation data showing a roughly 40-year high in consumer price increases.

“The 12-month increase has been steadily rising and is now the largest since the period ending January 1982,” BLS said. “The all items less food and energy index rose 6.4 percent, the largest 12-month change since the period ending August 1982. The energy index rose 25.6 percent over the last year, and the food index increased 7.9 percent, the largest 12-month increase since the period ending July 1981.”

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