“…A recent survey by YouGov found 42% of Americans believe the country will experience a “total economic collapse” within the next decade, while more than a third think a civil war is likely (1).
(…)
But what would a “total economic collapse” actually look like?
The closest historical comparison is the Great Depression. During the 1930s, U.S. unemployment approached 25%, the stock market lost nearly 90% of its value, and it took decades to recover fully (2,3).
While today’s economy is far more resilient, the fear of a severe downturn is not entirely unfounded…”