The Roaring Twenties featured a large expansion in debt and stock market investment, with people living beyond their means expecting to manage it—paralleling the recent housing crisis where high mortgages became unaffordable as prices fell and incomes stagnated, though the 1930s problem was more widespread than a single sector.
factualpending
Speaker
Douglas IrwinEvidence Quote
“a lot of people are living beyond their means because they figure, well we'll we'll be able to handle it”
Created: 6/15/2026, 9:36:56 AM
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