The same thing happened in Japan email list, when the working-age population peaked in 1995. Dent predicts by 2015, we will see a similar scenario here email list in the United States, when there is a disproportionately high number of older people and a much smaller population of young productive people. With fewer people working and a larger segment of the population email list in the older age bracket, taxes will most likely have to increase for all segments of our population Indeed the financial devastation the stock market crash email list inflicted on the economy in 1929 is almost unthinkable.
A great majority of people lost their entire savings. Businesses went bankrupt, and peoples' faith in banks was shattered. Some people jumped to death off of high rises after they lost email list their savings and were wiped out financially. Some banks went broke also, and people lost the money they had deposited in banks. Banks foreclosed on numerous email list businesses and family farms. You couldn't buy a job! Soup lines formed in major cities because no one had anymoney,
there were no jobs to have, or money to feed themselves or their families. email list Fights broke out due to the anger and frustration email list and dire circumstances. While certain regulations have added a layer of protection since then, like the federal deposit insurance of accounts up to $100,000. the stock market keeps its risky reputation.