Average Salary in the United States Since the Great Depression

The Great Depression was a severe worldwide economic downturn in the 1930s.

It is most remembered due to the stock market crash of 1929. Millions of people lost their jobs, and poverty and hunger were widespread. Banks failed, businesses closed, and people lost their life savings. In the United States, unemployment soared to about 25%. The Great Depression finally ended with the onset of World War II. A trend on TikTok compares present day inflation to the money troubles of the Great Depression. In this video, I look at what TikTok gets right and wrong about the figures and salaries from the Great Depression to the Average Salary in the United States when adjusted for inflation.