The Best and Worst Decades for America’s Money
The American economy has a long and storied history.
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The U.S. economy has come a long way since the Massachusetts Bay Colony issued the first paper money in 1690. After the Continental Congress established the first national American currency in 1775, Alexander Hamilton helped found the Bank of the United States in 1791, establishing credit for the government and ushering in new economic possibilities.
Here’s a look at the best and worst decades of the modern economy, from 1900 through the present day. Periods were analyzed based on a number of economic and statistical factors, ranging from stock market performance to housing prices, wage growth, unemployment figures and gross national product numbers, as well as social and political events.
Click through and learn about the highs-and-lows of America’s money.
1900-1920
Median Home Price: N/A
Annual Inflation Rate: 0 percent in 1900 to 3.7 percent in 1910 to 15.6 percent in 1920
The modern economy in America really began around the turn of the century, when the country shifted toward industrialism and away from agrarianism. Although the roots of industrialism can be traced to the end of the 19th century, corporations began to boom after the turn of the century, highlighted by Andrew Carnegie’s empire consolidating into U.S. Steel in 1901. The Dow Jones industrial average would also clear 100 points for the first time ever during Theodore Roosevelt’s presidency.
Analysis
Mass production of the modern automobile at Henry Ford’s factory began in 1913, helping to usher in a new wave of mass consumerism. Moreover, a flood of immigrants — over 13 million between 1900 and 1914 — offered cheap labor for economic expansion.
Despite this economic growth, the U.S. found itself in a recession at the outbreak of World War I. However, spending during the war years helped create a boom that lasted until the recession of 1920. Working conditions also began a slow process of improvement, as federal agencies and mobilized citizens focused on the dangers facing manufacturing employees. Overall, the nascent American industrial economy improved dramatically from 1900 to 1920.
1920-1930
Median Home Price: N/A
Annual Inflation Rate: 15.6 percent in 1920 to -2.7 percent in 1930
The “Roaring 20s” are oft-romanticized in film and print, but the net economic effect of the period was actually a mixed bag. In fact, the 1920s began and ended with recessions.
Analysis
Monetary policy helped trip up the economy at the beginning of the 1920s, leading to a recession that wasn’t fully resolved until 1923. However, that setback was nothing compared to the effects of the stock market crash in 1929. On Oct. 24, 1929 — now known as Black Tuesday — the Dow Jones industrial average fell 23 percent in a single day. Along with setting off the Great Depression, the crash led to a decline in housing prices that would last throughout the 1930s.
Still, for the decade as a whole, the economy performed well. The Standard & Poor’s 500 index reached 248.48 by the end of 1929 and gross national product (GNP) grew 4.2 percent every year from 1920 to 1929.
1930-1940
Median Home Price: $2,938 in 1940
Annual Inflation Rate: -2.7 percent in 1930 to 0.7 percent in 1940
The 1930s represent a rough patch for the American economy. Although the stock market crashed in 1929, it wasn’t until the 1930s that the full economic effects of the worst depression in American history were felt. In fact, the U.S. economy didn’t rebound until the outbreak of World War II.
Analysis
During this period, the stock market continued its downward slump, with the S&P 500 dropping a total of 86.1 percent from September 1929 to June 1932. The Dow also hit its lowest point during this period, bottoming out in the summer of 1932.
From 1929 to 1932, national income plummeted by more than 50 percent, with construction incomes falling 80 percent. In Manhattan, the average home value fell 51 percent between 1929 and 1933. The third-worst recession of the 20th century hit in May 1937, driving unemployment back up to 20 percent and knocking 10 percent off the GDP.
It wasn’t until the U.S. entered World War II in 1941 that the country’s GDP climbed back to 1929 levels.
1940-1950
Median Home Price: $2,938 in 1940 to $7,354 in 1950
Average Inflation Rate: 0.7 percent in 1940 to 1.1 percent in 1950
Once America entered World War II, the entire economy was retooled for wartime production, and both GNP and employment rose dramatically.
Analysis
After the boom of the war years, an “inventory recession” hit, during which there was an excess of available goods, and Americans became savers rather than spenders. This period lasted from May 1946 to June 1949 and triggered a 29.6 percent slide in the S&P 500.
Median home prices also rose in the 1940s, and the unemployment rate dropped from about 15 percent to about 5.5 percent.
The State of American Savings Today: Here’s How Much Americans Have in Savings
1950-1960
Median Home Price: $7,354 in 1950 to $11,900 in 1960
Average Inflation Rate: 1.1 percent in 1950 to 1.5 percent in 1960
The postwar expansion carried over into the 1950s, with nearly full employment lasting until the end of the Korean War in 1953. Overall, the unemployment rate remained remarkably stable, starting the decade at 5.3 percent and ending at 5.5 percent.
Analysis
The economic success of the decade was also reflected in the performance of the Dow Jones, which rose from 200.52 at the end of 1949 to 679.36 at the end of 1959. Remarkably, there wasn’t a single bear market throughout the decade. Moreover, the median income jumped from $3,319 to $5,620.
The 1950s are often looked back on nostalgically as “happy days” — immortalized forever by a popular sitcom of the same name. Along with an increase in European demand for American goods, the economy saw housing prices become more affordable as wages rose. However, on a social level, black Americans still endured lower wages, segregation and Jim Crow laws that kept them from participating fully in American growth.
A Closer Look: The True Cost of War
1960-1970
Median Home Price: $11,900 in 1960 to $17,000 in 1970
Average Inflation Rate: 1.5 percent in 1960 to 5.8 percent in 1970
The 1960s were a socially tumultuous period in which the economy experienced similar ups and downs. Two recessions hit America in the 1960s, the first lasting from December 1961 to June 1962, and the second from November 1968 to May 1970.
Analysis
The first recession sent the S&P 500 down 28 percent and was primarily triggered by Cold War fears, after the Bay of Pigs operation in April 1961 and the Cuban Missile Crisis in October 1962. A tax cut envisioned by President John F. Kennedy helped pull America out of this short recession, as did the start of the Vietnam War, which triggered economic expansion.
The turmoil of 1968 — due in part to the eruption of civil rights violence, rising opposition to the war in Vietnam and the assassinations of Robert Kennedy and Martin Luther King, Jr. — was in the background of an economy that flirted with 6 percent inflation. The ensuing recession trimmed 36.1 percent off the S&P 500.
Although the economy finished the decade in recession, real wages did increase significantly during this period. Across all domestic industries, average annual wages and salaries rose from $4,817 in 1960 to $7,711 in 1970.
1970-1980
Median Home Price: $17,000 in 1970 to $47,200 in 1980
Average Inflation Rate: 5.8 percent in 1970 to 13.5 percent in 1980
The 1970s were the “stagflation” decade, characterized by a muted economy coupled with the effects of rising inflation. The economic disaster of the decade was highlighted by President Gerald Ford, who began the “Economic Report of the President” for 1975 with the words, “The economy is in a severe recession. Unemployment is too high and will rise higher.”
Analysis
From October 1973 to January 1974, the economy suffered the effects of the Yom Kippur War and the Arab oil embargo, which drove oil prices from $2.90 per barrel to $11.65. A second oil shock hit the U.S. economy in 1978, concurrent with the Iranian revolution, which doubled the price of oil between April 1979 and April 1980. In response to a simultaneous rise in inflation, the Federal Reserve began an aggressive campaign to hike interest rates, which rose from 6.9 percent in April 1978 to 19 percent in 1981.
Although the Fed hikes helped corral inflation, they also set the stage for a rough start to the 1980s.
1980-1990
Median Home Price: $47,200 in 1980 to $79,100 in 1990
Average Inflation Rate: 13.5 percent in 1980 to 5.4 percent in 1990
By 1980, the Federal Reserve had jacked up interest rates to nearly 20 percent. The result was a recessed economy and a presidential win for Ronald Reagan.
Analysis
The 21-month recession, which didn’t bottom out until August 1982, saw the S&P 500 drop 27.8 percent, from 140.52 to 101.44.
Between 1982 and 1987, the economy recovered nicely; however, a combination of inflated asset values and “program trading” by computers triggered the “Black Monday” sell-off of Oct. 19, 1987. By the end of the day, the Dow Jones had fallen 22.6 percent: the worst single-day drop since 1914. After a net loss in the S&P 500 of 33.5 percent, the market bottomed fairly rapidly by December 1987.
Additionally, the 1980s saw a significant drop in interest rates, with the U.S. prime rate falling from 15.26 percent in 1980 to 10.01 percent in 1990. As rates plummeted, assets in savings and loans institutions skyrocketed, and risky thrifts began operating aggressively and without sound financial strategies. The government had to step in, spending $124 billion to close out 747 savings and loans institutions.
All this economic turmoil contributed to the recession of the early 1990s. For some perspective, here is what the prime rate is currently
1990-2000
Median Home Price: $79,100 in 1990 to $119,600 in 2000
Average Inflation Rate: 5.4 percent in 1990 to 3.4 percent in 2000
The 1990s are widely regarded as a period of economic prosperity. From the end of 1990 to the end of 2000, the S&P 500 exactly quadrupled, rising from 330 to 1,320.
Analysis
In addition to the S&P 500’s boom, the inflation rate fell from 5.4 percent to 3.4 percent, the U.S. 30-year mortgage rate fell from 10.13 percent to 8.05 percent and the number of bank failures dropped from 381 to just 7.
Despite these gains, the 1990s were a bit of a bumpy ride. The hangover of the 1987 stock market crash — and the subsequent failures of numerous savings and loan associations — hurt many American households and created a drain on federal resources. Coupled with rising interest rates and the spike in oil triggered by Iraq’s invasion of Kuwait in 1990, a recession was almost inevitable in the early part of the decade.
After President Bill Clinton took office in 1993, however, the U.S. economy embarked on a long and strong expansion, making the 1990s a great decade for America’s money, overall.
2000-2010
Median Home Price: $119,600 in 2000 to $179,900 in 2010
Average Inflation Rate: 3.4 percent in 2000 to 1.6 percent in 2010
The turn of the century saw the extension of the boom that began in 1990. But it would all come apart in 2001 — and then again in 2008. From the end of 2000 to the end of 2010, the S&P 500 actually lost money, falling from 1,320 to 1,258. Along the way, the index peaked at 1,527.46 in 2001 and then crashed to 776.76 over a period of 30 months.
Analysis
The early 2000s were a particularly tough time for the housing market. After the gyrations of 2001, the subprime mortgage crisis — which brought with it the destruction of the housing market — struck in full force in 2008. During this time, housing prices tumbled a shocking 12.4 percent from 2007 to 2008, from a median of $205,700 to $180,100. In other markets, such as Southern California, home prices fell as much as 35 percent, further cementing the decade’s poor economic legacy.
Even as Americans struggled to pay their mortgages, unemployment rates rose across the country. In 2006, unemployment was at 4.5 percent, but it soared to 9 percent by 2009. The S&P 500 was similarly volatile during this time. After peaking at 1565.15 on Oct. 9, 2007, the market bottomed out at 682.55 on March 5, 2009.
2010-2017
Median Home Price: $179,900 in 2010 to $211,000 in March 2018, according to Zillow
Average Inflation Rate: 1.6 percent in 2010 to 1.8 percent as of February 2018
The 2010s marked a recovery time for the U.S. economy. Inflation actually doubled from 2010 to 2011, and the S&P 500 was exactly flat, at 1,258 at the end of both 2010 and 2011. However, the economy slowly improved, thanks in no small part to the exceedingly accommodating policies of the Federal Reserve. From 2010 to the end of 2016, the federal funds rate rose from just 0.18 percent to 0.39 percent, bottoming out at 0.09 percent at the end of 2014.
Analysis
The low federal funds rate allowed for inexpensive borrowing for both businesses and consumers, a fact that contributed to economic growth. Helped by low mortgage rates, which remained at 4.69 percent or lower for the entire period, the median home price jumped from $241,000 to $323,000. Employment also picked up, after falling from 2000 to 2010, with total employment rising from an average of 130,423,000 in August 2010 to 148,177,000 as of February 2018.
Following the traditional pattern of the business cycle, the American economy has consistently encountered both boom and bust periods. Although wars have often been the answer to ending American recessions, the influence of the global economy and sound domestic economic policies have also helped to right the ship.
Up Next: 10 Recession Warning Signs You Need to Know
More on the economy:
- 30 Things You Never Knew About the $100 Bill
- Richest and Poorest Area Codes in the US
- Cities Where You Can Realistically Live on Minimum Wage
- Watch: Best and Worst States for the Middle Class
We make money easy. Get weekly email updates, including expert advice to help you Live Richer™.
Note: Median home prices were sourced from the U.S. Census Bureau and inflation rates were sourced from the Bureau of Labor Statistics.
About the Author
John Csiszar
After earning a B.A. in English with a Specialization in Business from UCLA, John Csiszar worked in the financial services industry as a registered representative for 18 years. Along the way, Csiszar earned both Certified Financial Planner and Registered Investment Adviser designations, in addition to being licensed as a life agent, while working for both a major Wall Street wirehouse and for his own investment advisory firm. During his time as an advisor, Csiszar managed over $100 million in client assets while providing individualized investment plans for hundreds of clients.
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The U.S. economy has come a long way since the Massachusetts Bay Colony issued the first paper money in 1690. After the Continental Congress established the first national American currency in 1775, Alexander Hamilton helped found the Bank of the United States in 1791, establishing credit for the government and ushering in new economic possibilities.
Here’s a look at the best and worst decades of the modern economy, from 1900 through the present day. Periods were analyzed based on a number of economic and statistical factors, ranging from stock market performance to housing prices, wage growth, unemployment figures and gross national product numbers, as well as social and political events.
Click through and learn about the highs-and-lows of America’s money.
1900-1920
Median Home Price: N/A
Annual Inflation Rate: 0 percent in 1900 to 3.7 percent in 1910 to 15.6 percent in 1920
The modern economy in America really began around the turn of the century, when the country shifted toward industrialism and away from agrarianism. Although the roots of industrialism can be traced to the end of the 19th century, corporations began to boom after the turn of the century, highlighted by Andrew Carnegie’s empire consolidating into U.S. Steel in 1901. The Dow Jones industrial average would also clear 100 points for the first time ever during Theodore Roosevelt’s presidency.
Analysis
Mass production of the modern automobile at Henry Ford’s factory began in 1913, helping to usher in a new wave of mass consumerism. Moreover, a flood of immigrants — over 13 million between 1900 and 1914 — offered cheap labor for economic expansion.
Despite this economic growth, the U.S. found itself in a recession at the outbreak of World War I. However, spending during the war years helped create a boom that lasted until the recession of 1920. Working conditions also began a slow process of improvement, as federal agencies and mobilized citizens focused on the dangers facing manufacturing employees. Overall, the nascent American industrial economy improved dramatically from 1900 to 1920.
1920-1930
Median Home Price: N/A
Annual Inflation Rate: 15.6 percent in 1920 to -2.7 percent in 1930
The “Roaring 20s” are oft-romanticized in film and print, but the net economic effect of the period was actually a mixed bag. In fact, the 1920s began and ended with recessions.
Analysis
Monetary policy helped trip up the economy at the beginning of the 1920s, leading to a recession that wasn’t fully resolved until 1923. However, that setback was nothing compared to the effects of the stock market crash in 1929. On Oct. 24, 1929 — now known as Black Tuesday — the Dow Jones industrial average fell 23 percent in a single day. Along with setting off the Great Depression, the crash led to a decline in housing prices that would last throughout the 1930s.
Still, for the decade as a whole, the economy performed well. The Standard & Poor’s 500 index reached 248.48 by the end of 1929 and gross national product (GNP) grew 4.2 percent every year from 1920 to 1929.
1930-1940
Median Home Price: $2,938 in 1940
Annual Inflation Rate: -2.7 percent in 1930 to 0.7 percent in 1940
The 1930s represent a rough patch for the American economy. Although the stock market crashed in 1929, it wasn’t until the 1930s that the full economic effects of the worst depression in American history were felt. In fact, the U.S. economy didn’t rebound until the outbreak of World War II.
Analysis
During this period, the stock market continued its downward slump, with the S&P 500 dropping a total of 86.1 percent from September 1929 to June 1932. The Dow also hit its lowest point during this period, bottoming out in the summer of 1932.
From 1929 to 1932, national income plummeted by more than 50 percent, with construction incomes falling 80 percent. In Manhattan, the average home value fell 51 percent between 1929 and 1933. The third-worst recession of the 20th century hit in May 1937, driving unemployment back up to 20 percent and knocking 10 percent off the GDP.
It wasn’t until the U.S. entered World War II in 1941 that the country’s GDP climbed back to 1929 levels.
1940-1950
Median Home Price: $2,938 in 1940 to $7,354 in 1950
Average Inflation Rate: 0.7 percent in 1940 to 1.1 percent in 1950
Once America entered World War II, the entire economy was retooled for wartime production, and both GNP and employment rose dramatically.
Analysis
After the boom of the war years, an “inventory recession” hit, during which there was an excess of available goods, and Americans became savers rather than spenders. This period lasted from May 1946 to June 1949 and triggered a 29.6 percent slide in the S&P 500.
Median home prices also rose in the 1940s, and the unemployment rate dropped from about 15 percent to about 5.5 percent.
The State of American Savings Today: Here’s How Much Americans Have in Savings
1950-1960
Median Home Price: $7,354 in 1950 to $11,900 in 1960
Average Inflation Rate: 1.1 percent in 1950 to 1.5 percent in 1960
The postwar expansion carried over into the 1950s, with nearly full employment lasting until the end of the Korean War in 1953. Overall, the unemployment rate remained remarkably stable, starting the decade at 5.3 percent and ending at 5.5 percent.
Analysis
The economic success of the decade was also reflected in the performance of the Dow Jones, which rose from 200.52 at the end of 1949 to 679.36 at the end of 1959. Remarkably, there wasn’t a single bear market throughout the decade. Moreover, the median income jumped from $3,319 to $5,620.
The 1950s are often looked back on nostalgically as “happy days” — immortalized forever by a popular sitcom of the same name. Along with an increase in European demand for American goods, the economy saw housing prices become more affordable as wages rose. However, on a social level, black Americans still endured lower wages, segregation and Jim Crow laws that kept them from participating fully in American growth.
A Closer Look: The True Cost of War
1960-1970
Median Home Price: $11,900 in 1960 to $17,000 in 1970
Average Inflation Rate: 1.5 percent in 1960 to 5.8 percent in 1970
The 1960s were a socially tumultuous period in which the economy experienced similar ups and downs. Two recessions hit America in the 1960s, the first lasting from December 1961 to June 1962, and the second from November 1968 to May 1970.
Analysis
The first recession sent the S&P 500 down 28 percent and was primarily triggered by Cold War fears, after the Bay of Pigs operation in April 1961 and the Cuban Missile Crisis in October 1962. A tax cut envisioned by President John F. Kennedy helped pull America out of this short recession, as did the start of the Vietnam War, which triggered economic expansion.
The turmoil of 1968 — due in part to the eruption of civil rights violence, rising opposition to the war in Vietnam and the assassinations of Robert Kennedy and Martin Luther King, Jr. — was in the background of an economy that flirted with 6 percent inflation. The ensuing recession trimmed 36.1 percent off the S&P 500.
Although the economy finished the decade in recession, real wages did increase significantly during this period. Across all domestic industries, average annual wages and salaries rose from $4,817 in 1960 to $7,711 in 1970.
1970-1980
Median Home Price: $17,000 in 1970 to $47,200 in 1980
Average Inflation Rate: 5.8 percent in 1970 to 13.5 percent in 1980
The 1970s were the “stagflation” decade, characterized by a muted economy coupled with the effects of rising inflation. The economic disaster of the decade was highlighted by President Gerald Ford, who began the “Economic Report of the President” for 1975 with the words, “The economy is in a severe recession. Unemployment is too high and will rise higher.”
Analysis
From October 1973 to January 1974, the economy suffered the effects of the Yom Kippur War and the Arab oil embargo, which drove oil prices from $2.90 per barrel to $11.65. A second oil shock hit the U.S. economy in 1978, concurrent with the Iranian revolution, which doubled the price of oil between April 1979 and April 1980. In response to a simultaneous rise in inflation, the Federal Reserve began an aggressive campaign to hike interest rates, which rose from 6.9 percent in April 1978 to 19 percent in 1981.
Although the Fed hikes helped corral inflation, they also set the stage for a rough start to the 1980s.
1980-1990
Median Home Price: $47,200 in 1980 to $79,100 in 1990
Average Inflation Rate: 13.5 percent in 1980 to 5.4 percent in 1990
By 1980, the Federal Reserve had jacked up interest rates to nearly 20 percent. The result was a recessed economy and a presidential win for Ronald Reagan.
Analysis
The 21-month recession, which didn’t bottom out until August 1982, saw the S&P 500 drop 27.8 percent, from 140.52 to 101.44.
Between 1982 and 1987, the economy recovered nicely; however, a combination of inflated asset values and “program trading” by computers triggered the “Black Monday” sell-off of Oct. 19, 1987. By the end of the day, the Dow Jones had fallen 22.6 percent: the worst single-day drop since 1914. After a net loss in the S&P 500 of 33.5 percent, the market bottomed fairly rapidly by December 1987.
Additionally, the 1980s saw a significant drop in interest rates, with the U.S. prime rate falling from 15.26 percent in 1980 to 10.01 percent in 1990. As rates plummeted, assets in savings and loans institutions skyrocketed, and risky thrifts began operating aggressively and without sound financial strategies. The government had to step in, spending $124 billion to close out 747 savings and loans institutions.
All this economic turmoil contributed to the recession of the early 1990s. For some perspective, here is what the prime rate is currently
1990-2000
Median Home Price: $79,100 in 1990 to $119,600 in 2000
Average Inflation Rate: 5.4 percent in 1990 to 3.4 percent in 2000
The 1990s are widely regarded as a period of economic prosperity. From the end of 1990 to the end of 2000, the S&P 500 exactly quadrupled, rising from 330 to 1,320.
Analysis
In addition to the S&P 500’s boom, the inflation rate fell from 5.4 percent to 3.4 percent, the U.S. 30-year mortgage rate fell from 10.13 percent to 8.05 percent and the number of bank failures dropped from 381 to just 7.
Despite these gains, the 1990s were a bit of a bumpy ride. The hangover of the 1987 stock market crash — and the subsequent failures of numerous savings and loan associations — hurt many American households and created a drain on federal resources. Coupled with rising interest rates and the spike in oil triggered by Iraq’s invasion of Kuwait in 1990, a recession was almost inevitable in the early part of the decade.
After President Bill Clinton took office in 1993, however, the U.S. economy embarked on a long and strong expansion, making the 1990s a great decade for America’s money, overall.
2000-2010
Median Home Price: $119,600 in 2000 to $179,900 in 2010
Average Inflation Rate: 3.4 percent in 2000 to 1.6 percent in 2010
The turn of the century saw the extension of the boom that began in 1990. But it would all come apart in 2001 — and then again in 2008. From the end of 2000 to the end of 2010, the S&P 500 actually lost money, falling from 1,320 to 1,258. Along the way, the index peaked at 1,527.46 in 2001 and then crashed to 776.76 over a period of 30 months.
Analysis
The early 2000s were a particularly tough time for the housing market. After the gyrations of 2001, the subprime mortgage crisis — which brought with it the destruction of the housing market — struck in full force in 2008. During this time, housing prices tumbled a shocking 12.4 percent from 2007 to 2008, from a median of $205,700 to $180,100. In other markets, such as Southern California, home prices fell as much as 35 percent, further cementing the decade’s poor economic legacy.
Even as Americans struggled to pay their mortgages, unemployment rates rose across the country. In 2006, unemployment was at 4.5 percent, but it soared to 9 percent by 2009. The S&P 500 was similarly volatile during this time. After peaking at 1565.15 on Oct. 9, 2007, the market bottomed out at 682.55 on March 5, 2009.
2010-2017
Median Home Price: $179,900 in 2010 to $211,000 in March 2018, according to Zillow
Average Inflation Rate: 1.6 percent in 2010 to 1.8 percent as of February 2018
The 2010s marked a recovery time for the U.S. economy. Inflation actually doubled from 2010 to 2011, and the S&P 500 was exactly flat, at 1,258 at the end of both 2010 and 2011. However, the economy slowly improved, thanks in no small part to the exceedingly accommodating policies of the Federal Reserve. From 2010 to the end of 2016, the federal funds rate rose from just 0.18 percent to 0.39 percent, bottoming out at 0.09 percent at the end of 2014.
Analysis
The low federal funds rate allowed for inexpensive borrowing for both businesses and consumers, a fact that contributed to economic growth. Helped by low mortgage rates, which remained at 4.69 percent or lower for the entire period, the median home price jumped from $241,000 to $323,000. Employment also picked up, after falling from 2000 to 2010, with total employment rising from an average of 130,423,000 in August 2010 to 148,177,000 as of February 2018.
Following the traditional pattern of the business cycle, the American economy has consistently encountered both boom and bust periods. Although wars have often been the answer to ending American recessions, the influence of the global economy and sound domestic economic policies have also helped to right the ship.
Up Next: 10 Recession Warning Signs You Need to Know
More on the economy:
- 30 Things You Never Knew About the $100 Bill
- Richest and Poorest Area Codes in the US
- Cities Where You Can Realistically Live on Minimum Wage
- Watch: Best and Worst States for the Middle Class
We make money easy. Get weekly email updates, including expert advice to help you Live Richer™.
Note: Median home prices were sourced from the U.S. Census Bureau and inflation rates were sourced from the Bureau of Labor Statistics.
About the Author
John Csiszar
After earning a B.A. in English with a Specialization in Business from UCLA, John Csiszar worked in the financial services industry as a registered representative for 18 years. Along the way, Csiszar earned both Certified Financial Planner and Registered Investment Adviser designations, in addition to being licensed as a life agent, while working for both a major Wall Street wirehouse and for his own investment advisory firm. During his time as an advisor, Csiszar managed over $100 million in client assets while providing individualized investment plans for hundreds of clients.
