The United States experienced a Great Depression during the 1930s causing one-quarter of its workforce to be unemployed. Although not formally recognized, a growing body of survey evidence indicates that the US has been experiencing a Second Great Depression for decades, worsened by events such as 9/11, the Great Recession, the growth of social media, and the COVID pandemic. However, the causes and consequences of this depression have been largely psychological, not economic, with a notable fraction of the population becoming socially disengaged and depressed. For example:
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