Is there a depression coming in 2030?

For many years, ITR Economics has been forecasting that a second Great Depression will occur in the 2030s. The road to the Great Depression will be consequential in and of itself, with many opportunities and changes presenting themselves.

How do I prepare for a 2030 depression?

Our response is as follows:

  1. Live below your means.
  2. Learn a second language.
  3. Each household should have multiple, and if possible, diverse income streams.
  4. Choose careers oriented toward the “opportunities”.
  5. Pay off as much debt as possible by 2030.

What sports were played in the Great Depression?

Sport was an inexpensive hobby and soccer, swimming, athletics, boating and camping became popular. The nordic countries practiced winter sports, the French cycled and the Germans specialized in gymnastics.

How do I survive the next depression?

Take Advantage of the Time You Have Now

  1. #1: Secure Your Income. During the Great Depression, millions of people lost their jobs.
  2. #2: Reduce Your Spending.
  3. #3: Get Rid of Debt.
  4. #4: Build Up Savings.
  5. #5: Diversify Your Income.
  6. #6: Don’t Live beyond Your Means.
  7. #7: Keep Cash on Hand.
  8. #8: Grow Your Knowledge.

What happened to the NFL during the Great Depression?

To see the effect of the depression, all one has to do is look at the NFL. In 1929, the NFL had 12 teams, by 1932 they were down to eight teams. In 1930, three teams moved. The NFL would not really stabilize until 1937, when the remaining 10 teams started to rebuild.

How did Great Depression affect sports?

The major effect of the Great Depression on baseball was a decrease in attendance at professional baseball games. Because of the Depression, people had less money available for leisure activities. Baseball games were a luxury that could no longer be afforded by the common American.