Are We Heading Into a Second Great Depression? Cost of Living Crisis

Added: 2026-05-11

[00:00:00]Are we like in the Great Depression right now?

[00:00:07]Sort of feels like it.

[00:00:12]Just reminding you that the only reason our current time period isn't called a great depression is because the wealthy people are wealthier than they've ever been. It's not a depression for the rich people. The rich people are doing really great. They're doing so amazing. We're about to have our first trillionaire.

[00:00:25]Meanwhile, the average American makes 66k a year, but needs 159K a year in order to just live comfortably and not be treading water. We are in a depression, but it's not called that because we don't control the narrative.

[00:00:38]Baby, y'all keep confusing me when y'all say, "Oh my god, this is a recession.

[00:00:41]This is a recession."

[00:00:44]Sweetie, this is not a recession anymore. This is another great depression. I I think y'all are grossly mistaken. This is this is another great depression, baby. Not a recession. We passed that. Now, in this video, a lot of people have been discussing that we may be headed or are already in a second great depression.

[00:01:12]And while we may or may not be headed that way, we definitely understand why people feel this way. There's a lot of economic hardships that a lot of people and a lot of families are experiencing right now. There's just a lot of high inflation, high debt, and just uncertainty of how the economy is going.

[00:01:34]We see that the people that are in charge of the country are doing really well. We see the stock markets are at all-time highs while the lower working class is left behind the dust because they don't really have investments in the stock market or other investment vehicles such as real estate to help them get by. And the ones in the lower class are really feeling the economic pain from high grocery prices, high gas prices, high housing costs. Everything has gone up and a lot of people are just so sick of it right now. And we feel like there's only so much more inflation that we can endure before we just completely collapse as a country. And a lot of people feel like we're headed towards a second great depression because a lot of this stuff that we're discussing in this video is not being addressed. So there's some valid concerns for sure. Let me know in the comments below what you think. Take a look at the rest of these clips. We're in a depression right now, but the only reason why it's not called that is because the wealthy people are wealthier than they've ever been. It's not a depression for the rich people. They're doing fantastic. During the Great Depression, the average cost of a home was about $4,900, which today is about 90,000. That was about three times the average person's wages. 2026. Today, the average cost is about $410,000, which is about eight times the average person's wages. This is not accidental, and this is not just inflation. It is deliberate overpricing by wealthy people to put more profit into their pockets.

[00:03:07]And this is working really well for them. Back in 1985, there were about nine billionaires in the US. And now we have over a thousand. And we're even on track to get our first trillionaire. Can you even imagine? Can you even fathom how much money that is? Thing is, you can't. So, let's put it this way. If you counted one number every single second, it would take you 31 years to count to a billion. To count to a trillion, it would take you 31,000 years.

[00:03:32]>> Meanwhile, the average American makes $66,000 a year. One in four Americans are living paycheck to paycheck, and it costs about 159K a year to live comfortably. Believe you me, we are in a depression. It's just not called that because we don't control the narrative.

[00:03:47]>> We are in a depression right now. But the only reason it's not called that is because wealthy people are doing better than ever. It's not a depression for rich people. They're doing great. the Great Depression, the average home cost about $4,900, which is around $90,000 today, and it was about three times the average person's income. Today, in 2026, the average home is around $410,000, which come stay with me. Stay with me, which is about eight times the average person's income. That is not normal.

[00:04:17]That's not just inflation. Something is clearly off. And it's working because back in 1985, there were only around nine billionaires in the US. And now there are over a thousand and we are even on track to have our first trillionaire. You can't even comprehend that level of money. If you counted one number every second, it would take you 31 years to reach a billion. To reach a trillion, it would take you 31,000 years. Meanwhile, the average American makes about $66,000 a year. One in four people are living paycheck to paycheck.

[00:04:48]And it costs around $159,000 a year to live comfortably. So yeah, for most people this feels like a depression. It's just not called that.

[00:04:56]And because of that, people are trying to figure things out on their own. Side hustles, extra income, literally anything. But one thing I realized is if money is already tight, you at least need to know where it's going. So I started using this one app called Mind just to track everything, what I'm spending, what I'm saving, and just actually know where my money's going week to week. And no, none of this is going to fix the system, but we've got to survive somehow.

[00:05:18]>> The G Great Depression was pretty severe. Um, and we are on the verge, if not at the very beginning, of something more, longer, worse than the Great Depression.

[00:05:38]I've had that confirmed by many sources.

[00:05:40]No, I'm not going to tell you my sources. None of your business. Um, and that's that's the truth. We are on the verge of a great depression greater than the first one. Um things are going to be severe. You're going to have to give up your cigarettes, your booze. You're going out to dinner. There won't be any restaurants open.

[00:06:11]Most of the people are going, "Oh yeah, she's full of [ __ ] Granny needs some more medication.

[00:06:20]I am here trying to save your life, you fools, those who say that. And there are many who listen to me. Thank you. And we've got to be prepared for the worst and hope and pray and meditate on on the best. Janet and I are still living our lives fully and freely. We are still planning to move to property, build a barn domin barnaminium.

[00:06:54]We're still doing all of that. We have not stopped our lives. We're just not foolish and and thinking that everything is the way it was. [ __ ] that. No, it's not.

[00:07:07]It isn't. Wake up.

[00:07:11]We're in a depression right now. And the only reason we're not calling it a depression is because the wealthy people are wealthier than they've ever been.

[00:07:17]It's not a depression for the rich people. The rich people are doing great.

[00:07:19]During the Great Depression, the average cost of a home was $4,900. And if you equate that for today's standards by inflation, that's about $90,000. It's about three times the average person's wages. Today, in 2026, the average cost of a home is $410,000, which is eight times the average person's wages. This is not accidental. This is not inflation. This is deliberate overpricing by the wealthy so they can get an extra profit in their pocket. And you know what? That's working really well for them because back in 1985, I think there was like nine billionaires.

[00:07:48]Now today, there's over a thousand. And we're even on track for our first trillionaire. Can you imagine such an unfathomable amount of wealth? No, you can't. Meanwhile, we have families that are living paycheck to paycheck and have to get personal loans on credit just so they can get by. Believe me, we're in a depression, but we're just not calling it because we don't control the narrative.

[00:08:05]>> The second depression is coming.

[00:08:09]The signs are already here.

[00:08:12]Cost of living through the roof. Layoffs happening in waves. Companies doing more with less. And less usually means fewer of you. And you're sitting in a job that you already want to leave. You've been wanting to leave. You've been planning to leave, but you're waiting.

[00:08:28]Waiting for the right time. Waiting until you have enough saved. Waiting until the business is ready. Waiting until you feel ready. But here's what nobody is saying out loud. The second economic depression doesn't care about your timeline.

[00:08:43]The women who will be okay on the other side of things are the ones who started building before the pressure forced them to. Not after the layoff, not after the company restructure. Not after the company disappears, but before.

[00:08:58]Yesterday was the day to start, but today is even better. But whatever you do, don't wait until you have to figure it out. Because figuring it out from desperation looks completely different from figuring it out from intention. I'm McNeel, an identity business coach, and this is exactly the work that I do. DM me to apply for my one-on-one if you're ready to get paid as an entrepreneur in 6 months or less.

[00:09:24]>> Lord, help us all. It's 3:30 in the morning and I just finished Door Dashing and I got work at 7.

[00:09:33]2026 is worse than the Great Depression.

[00:09:36]I'm saying it. I'm saying it. Look, the the rate that young adults lived at home was 48% then is 51% now. The economy is worse. I'm saying it, man. My wife got sick. Guess who got a guess who got a Door Dash to pay the bills this month, man? I graduated in 2024. I thought it was sweet, bro. It is not sweet.

[00:09:59]And I'm not even mad. I'm just a good Christian man trying to make my money, bro. Trying to provide. But man, it it's it's tough out here.

[00:10:07]>> I feel like the news and the United States government is so confused. Why is the birth rate falling? Why is the birth rate falling? The birth rate is falling because groceries are like $200 and those groceries are literally like five items. We have to pay for like5 plus dollar per gallon gas on top of rent. If you can afford rent, you have to pay for car payments if you can afford a car.

[00:10:35]And every single one of our tax dollars is being used to ensure that homeless people fail, disabled people fail, trans people fail, immigrants fail, brown people fail, black people fail. We're using our tax dollars to kidnap and harm other world leaders.

[00:10:49]And we are also committing genocide in multiple different countries across the world, including within the United States. There are people who are over the age of 70 leaving retirement because they're not they cannot afford to live.

[00:11:03]There are people in their 50s who have yet to own a home. There are people in their 20s who still live with their parents. Nothing wrong with living with your parents, by the way. Would like to clarify. Just showing we are in probably times worse than the Great Depression. I believe we are in times worse than the Great Depression. What the [ __ ] do you mean that the lowering of the birth rate is crazy to you? Are we serious? And to talk about a very specific Fox News article that rubbed me the wrong way recently.

[00:11:32]Why were they complaining about the teen pregnancy rate decreasing?

[00:11:39]What a very interesting statistic to complain about. I thought we don't want to see that [ __ ] I know. I don't. But yeah, life sucks for the average human being and the average person doesn't want to be here anymore, let alone bring kids into this world. And I saw another creator say this, but if you have no generational wealth, you have no anything to invest in, you have no, you know, future plan, your child is born as a wage slave who's going to work 10 times as hard for half of what you have.

[00:12:08]That is why we're not having kids.

[00:12:09]>> We're seeing more and more people not able to afford the things that they need. And what's really concerning is how much highinterest debt people are taking out just to be able to afford things or maintain their current lifestyles. We see people paying for groceries with buy now pay later systems or just using regular credit card debt and racking up those bills. And if you're not paying off your debt, you're just going to be accumulating so much interest and it's going to completely snowball out of control. I feel like we're definitely headed towards some sort of depression because things are just way too high for everyday Americans to afford.

[00:12:53]>> Just remind you that the only reason our current time period isn't called a great depression is because the wealthy people are wealthier than they've ever been.

[00:13:01]It's not a depression for the rich people. The rich people are doing really well. Actually, they're doing so [ __ ] amazing. We're about to have our first trillionaire. Meanwhile, the average American makes $66,000 a year, but needs $159,000 a year in order to just live comfortably and not be treading over water. We are in a depression, but it's not called that because we don't control the narrative. And that's why so many people right now aren't even relying on just one job anymore. People are stacking two, three jobs, freelance work, side hustles, content gigs for brands, you name it. Basically, anything that can bring in extra income. And I've seen a lot of people finding those UGC and marketing gigs through platforms like Sideshift, for example, because companies are constantly posting short form content work and people just apply to a bunch of them and stack the income.

[00:13:48]Because the reality of the situation is a single paycheck just doesn't stretch the way it used to anymore.

[00:13:54]>> In about 3 to 5 years, I would say we're probably going to go through another great depression. So, I'm coming on here because I want to create an update for this video because now with what's happening in Iran, they're stating that we could have supply chain issues in about 3 weeks. Okay? So, with the cost of oil and gas going up and the cost of groceries going up, we really need to be prepared for what is coming. And this is not a fearonger. This is not so you can rush and get supplies so that you can just overwhelm the stores and take everything from everyone. But we need to be mindful about what is coming honestly within the next few weeks. And I predicted three to five years for a full-blown depression. But we have to go through that recession period first. We have to go through certain things first.

[00:14:41]So this is something for us to be aware of as we shop as we prepare for what's to come.

[00:14:50]Well, with the inflation the way it is and not 7%, 50%. 43% is greed.

[00:15:00]I think I need to focus on giving you guys information on how to survive on less.

[00:15:10]So, I will take that upon myself. And if as of tomorrow, I'm going to be doing a lot of tips on how to stretch things and how to to live in an environment that is not conducive to living. And that's what we have right now. I don't know how many of you are preppers. Okay? Prepping helps. It's something that you can fall back on in hard times. Well, these are hard times.

[00:15:41]We're at the very beginning of the Great Depression 2.0. It's going to probably last three years. That's my feeling right now. Janet and I are fine. Better than fine. And I thrive during situations like this. We'll come out smelling like roses. The thing is, um, I'd like to bless you with that ability, too.

[00:16:07]So, um, yeah. buy beans and rice. Certainly buy beans and rice. But if the grid goes down, you don't have electricity and you don't have power to cook unless you use your resources that are limited, then you're not going to be able to eat that those beans and rice.

[00:16:35]Okay? So, you're going to focus on ready to eat, shelf stable food.

[00:16:45]That's what you want.

[00:16:47]The ve bare minimum is 90 days per person and include the animals.

[00:16:57]So, get cow. You can vacuum seal the chow uh in smaller amounts so it stays really good for a long time. and get canned dog food if they eat that. Ours we have four picky eaters. Okay.

[00:17:15]And I can I can meet and we feed them that and then a high-grade chow.

[00:17:24]So guys, I hope your members, your followers of my prepping channel that helps kind of ties into frugaless, believe it or [ __ ] the oligarchs actually. Um, we need to be self-reliant.

[00:17:37]We do not capitulate.

[00:17:41]The struggles are real for everybody.

[00:17:45]Talk to you later. So, a thought just came to my mind. So, we are now in the year 2026.

[00:17:52]The Great Depression started in the year 1929.

[00:17:56]We are 3 years away from a 100red years after the Great Depression. And look at where our freaking economy is going. We are nearing another great depression and I'm convinced of it. Yes, I'm saying this while I'm on my shake plate trying to get all the wellness stuff I can in before the depression starts and I have to sell everything. Thanks. Bye. Ever wonder what the Great Depression was actually like?

[00:18:24]Well, I'm going to tell you. All right.

[00:18:26]So, it didn't start as one big collapse.

[00:18:30]Like people think just one day boom their whole world collapsed. No, it started as a chain reaction and nobody was ready for it. Okay, people weren't prepared for this to happen. After the stock market crash of 1929, people thought things would just bounce back like pretty quick, right? But instead, the economy, it kept falling slowly at first, then all at once. The crash wiped out massive amounts of wealth on paper, but the real damage actually kind of came after that. So, because banks had loaned huge amounts of money to investors during this stock market boom, those investors couldn't pay it back, the banks started losing money like fast, like lightning speed, right? And here's where things got even worse.

[00:19:20]Back then, banks weren't protected like they are today. There was no federal insurance guaranteeing your deposits.

[00:19:28]So, when rumors spread that a bank was unstable, people would rush in and pull out all their money immediately. And this is called a bank run. And once it started, it just like fed on itself, right? Even healthy banks collapse just because like too many people showed up at the same time like demeaning their cash. They were scared they would weren't going to get it. So they when the banks don't have any money then you're really screwed, right? So one by one thousands of banks across the United States like failed.

[00:20:02]Savings, entire life savings just disappeared overnight. By the early 1930s, the US economy had entered what became known as the Great Depression.

[00:20:12]Imagine like going to the bank to get your money like sorry we don't have a nothing we can do. Unemployment skyrocketed guys at its worst. One in four workers in America. They didn't have a job. Factories shut down because nobody could afford to even buy anything. Basically farmers were hit even harder. And this still literally kind of happens today. Crop prices collapsed and then many couldn't afford to harvest their own fields. And then came the environmental disaster layered on top of the economic one.

[00:20:46]Severe drought and poor farming practices turned huge areas of the Great Plains just like into dust. Massive storms carried top soil across states, destroying farmlands and homes. Like it was bad. Okay. This period became known as the dust bowl and it forced hundreds of thousands of families to just like pack up and leave everything behind.

[00:21:09]Cities weren't much better, you guys.

[00:21:11]Like long lines of unemployed workers formed outside soup kitchens just to like get food. It was bad. Entire neighborhoods turned into makeshift camps because people like they didn't have anywhere to go. Like they couldn't pay their bills. They didn't have they couldn't pay for nothing. President Herbert Hoover was in office like when this crisis began and many Americans like pretty well unfairly blamed him for not doing enough leading to the term Hoovervilles for the shanny towns that appeared across the country.

[00:21:44]Things only began to shift when Franklin D. Roosevelt took office in 1933 and introduced the New Deal, a massive series of programs meant to stabilize banks, create jobs, and restart the economy. One of the biggest changes was the creation of federal protections for bank deposits. Woohoo! You know, um that helped restore public trust and the financial system. people started putting their money back, you know, and over the years, not days or months, but the economy, it slowly began to recover.

[00:22:19]But the Great Depression didn't just end like like that, you know, it completely changed how governments, banks, and just like ordinary people like me and you viewed money forever. It introduced the idea that unchecked speculation, weak banking systems, panic behavior could bring down an entire nation's economy.

[00:22:41]And even today, nearly a century later, it remains the biggest reminder that when competence in the system breaks, everything else can break with it. So guys, that is it for this one. That is the Great Depression. Pretty shitty.

[00:22:59]Pretty pretty not a good time. I am so glad that I didn't lose all of my money or all of my or my job or my things or you know like holy crap. Imagine losing your whole life savings and not even having crazy I know. But anyways guys that is it for this one. As always follow me for more videos just like this one. Like this video and repost it please. It helps me. It helps make me come back for more videos for you. Comment. Let me know what you guys think. what you would do in that situation if that's probably why some people don't trust banks today.

[00:23:34]But most people I know that don't trust banks literally don't have $250,000 in there which is protected. So, I don't know. I guess they don't even believe that. But, you know, what do you do? Uh, and guys, check out this playlist right here. The video before this is about Black Tuesday.

[00:23:49]Uh, but that is it for this one, guys.

[00:23:52]Hope to see you back for more videos just like this one. But that's it for this one, guys. Bye.