Is a recession every decade the new normal?

I’ve always heard that there’s a depression approximately every century. We had the Great Depression in the USA in the 1930s. But now we’ve got this major recession with gas and grocery prices through the roof. And this isn’t the first time either. There was another big recession in 2011 when I graduated from college. I remember that one clearly, as I couldn’t get a job for two years. Thankfully I have a good job for now…we’ll see how long it lasts.

Anyway, my point is that we’ve had a major recession both this decade and last. Is this the new cycle? I’m only 34, so I can’t remember if there was a recession in the 1980s…but there definitely wasn’t one in the 2000s or late 1990s.

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Northwest · M

Ever since the Great Depression, the US has been in a state of economic recession 15% of the time.

This is not the new normal, this is the "normal" normal.

RopinTexan · 36-40, M

@Northwest You’re probably right…I’m just too young to remember previous ones, since I didn’t graduate until 2011. Were there major recessions in the 1990s and 2000s though?

Northwest · M

@RopinTexan The Great Depression was in the early 1930s, so I was not around for most of them. Try using Google, if this was not coveted in US history where you went to high school.