TruthOrFake Logo
TruthOrFake
Fact Check: America is heading into a second Great depression.

Fact Check: America is heading into a second Great depression.

Published April 9, 2025
ByFactChecker 1.1 avatarFactChecker 1.1
✗
VERDICT
False

# Is America Heading into a Second Great Depression? ## Introduction The claim that "America is heading into a second Great Depression" has gained tr...

Is America Heading into a Second Great Depression?

Introduction

The claim that "America is heading into a second Great Depression" has gained traction in various discussions about the current state of the U.S. economy. This assertion raises concerns about economic stability, job security, and overall financial well-being. However, the validity of this claim is complex and requires a thorough examination of economic indicators, expert opinions, and the context surrounding these discussions.

What We Know

  1. Current Economic Indicators: According to the Congressional Budget Office (CBO), the U.S. economy experienced modest growth in 2022, with projections for stagnation in 2023 1. The unemployment rate in 2023 was reported at 3.8%, significantly lower than the peak of 24.9% during the Great Depression 4.

  2. Public Sentiment: A survey cited by AMAC indicates that 52% of respondents believe a second Great Depression is likely, reflecting widespread anxiety about economic conditions 6.

  3. Forecasts from Economists: ITR Economics has been vocal about predicting a second Great Depression occurring in the 2030s, suggesting that current economic conditions are precursors to a more significant downturn 7. However, they do not assert that such a depression is imminent in the near term.

  4. Contradictory Views: Other sources, such as the Geographic FAQ Hub, argue that there are currently no indicators suggesting an imminent depression, citing a stable GDP growth rate of 2.1% in the second quarter of 2023 5.

  5. Mental Health and Economic Stress: An article from RealClearMarkets mentions a reported depression rate of 29% among adults in 2023, which may reflect broader societal impacts of economic uncertainty rather than direct economic indicators 3.

Analysis

The claim of a looming second Great Depression is supported by a mix of economic forecasts, public sentiment, and mental health statistics. However, the reliability of these sources varies significantly.

  • Economic Forecasts: The CBO is generally considered a reliable source for economic data, as it is a nonpartisan agency that provides objective analyses 1. In contrast, ITR Economics, while respected in some circles, has a vested interest in promoting its forecasts, which may introduce bias 7.

  • Public Sentiment: The survey from AMAC, while indicative of public anxiety, lacks methodological transparency regarding sample size and demographic representation, which raises questions about its reliability 6.

  • Contradictory Evidence: The assertion from the Geographic FAQ Hub that no immediate depression is on the horizon is based on stable GDP growth, which is a critical economic indicator 5. This perspective is supported by data from the White House's Council of Economic Advisers, which highlights job growth and a tight labor market as positive signs 2.

  • Mental Health Statistics: The reported high rates of depression among adults may not directly correlate with economic conditions but rather reflect broader societal issues exacerbated by economic uncertainty 3. This suggests that while economic indicators may not point to a depression, the psychological impact of economic stress is significant.

Conclusion

Verdict: False

The claim that America is heading into a second Great Depression is deemed false based on a comprehensive review of economic indicators and expert analyses. Key evidence includes the current unemployment rate of 3.8%, which is significantly lower than during the Great Depression, and stable GDP growth rates reported in recent quarters. While public sentiment reflects anxiety about the economy, this does not equate to the actual economic conditions that would characterize a depression.

It is important to note that while some forecasts, such as those from ITR Economics, suggest potential future downturns, they do not indicate an imminent crisis. Additionally, the high rates of reported depression among adults may reflect broader societal issues rather than direct economic indicators.

However, there are limitations to the available evidence. Public sentiment surveys may lack methodological rigor, and economic forecasts can be influenced by biases. Therefore, while the current evidence does not support the claim of an impending second Great Depression, it is essential for readers to remain vigilant and critically evaluate information regarding economic conditions.

Readers are encouraged to assess economic claims with a discerning eye, considering both the data presented and the context in which it is framed.

Sources

  1. Congressional Budget Office. "The Economic Outlook for 2023 to 2033 in 16 Charts." CBO
  2. White House Council of Economic Advisers. "Ten Charts That Explain the U.S. Economy in 2023." CEA
  3. RealClearMarkets. "The U.S.'s Decades Long 2nd Great Depression." RealClearMarkets
  4. Elliott Magazine. "The 'Silent Depression': Are We Really in The Midst of Another Great Depression." Elliott
  5. Geographic FAQ Hub. "Why will there be a depression in 2030?" NCESC
  6. AMAC. "Is America Heading Towards a Second Great Economic Depression?" AMAC
  7. ITR Economics. "2030s Great Depression." ITR Economics
  8. Fox Business. "New data reveals a crash not seen since Great Depression." Fox Business
  9. ITR Economics. "When Will the 2030s Great Depression End?" ITR Economics
  10. Conference Board. "US Leading Indicators." Conference Board

Have a claim you want to verify? It's 100% Free!

Our AI-powered fact-checker analyzes claims against thousands of reliable sources and provides evidence-based verdicts in seconds. Completely free with no registration required.

💡 Try:
"Coffee helps you live longer"
✓100% Free
✓No Registration
✓Instant Results

Comments

Leave a comment

Loading comments...

More Fact Checks to Explore

Discover similar claims and stay informed with these related fact-checks

Fact Check: MASSIVE bolt of plasma burst out of the sky striking I-40 near Alma, Arkansas last night! They're getting larger and more frequent as the Earth continues charging up. The further the magnetic North Pole continues racing toward Siberia the weaker Earth's protective magnetic shield becomes. More cosmic radiation from space and more UV, UVB, and UVC radiation from the Sun are penetrating deeper into our atmosphere and into the Earth. Earth's atmosphere is becoming highly charged and electrified causing massive plasma bursts like this to strike, causing more lightning strikes period. Lightning has even been documented striking on days without a storm cloud in sight. All the signatures of the binary twin solar system and the Destroyer's arrival just amplified dramatically this year. The alarmingly endless rainfall and flooding across the world is something I have never witnessed before in my ten years of reporting Earth's climate disasters. Folks who know weather for 60 - 70 years have never witnessed the sudden incredible down bursts of several inches of rain in just minutes that have been triggering nonstop catastrophic flash flooding across America and the rest of the world. It's just been nonstop this year. I've never seen so many very strong and powerful earthquakes strike since March when the 7.0+, 6.0+, 5.0+ magnitude earthquakes accelerated in frequency so fast. With aftershocks in numbers we've never seen before, in the hundreds. I've never seen so many fires breaking out across the world that just keep coming. Canada, the United States, the entire Mediterranean region, Europe, etc. The core of the Earth is expanding from the increase in radiation causing the rock to melt underneath our feet. Magma plumes are growing, lava tubes and corridors are expanding globally and reaching the Earth's surface, on land and under water. We've got a rash of volcanic activity on land and on the ocean floor heating up the water, melting the poles, causing marine life die offs, and fueling the atmosphere with high humidity and water vapor for more frequent and intense storming. All the symptoms of the arrival of the binary twin solar system that was expected are being checked off. This will just continue to worsen in the coming days. Mid-August is almost here and watching for the extreme weather to intensify. We're heading into severe birth pangs now. Listening for updates and watching it unfold live. Remarkable days.
False
🎯 Similar

Fact Check: MASSIVE bolt of plasma burst out of the sky striking I-40 near Alma, Arkansas last night! They're getting larger and more frequent as the Earth continues charging up. The further the magnetic North Pole continues racing toward Siberia the weaker Earth's protective magnetic shield becomes. More cosmic radiation from space and more UV, UVB, and UVC radiation from the Sun are penetrating deeper into our atmosphere and into the Earth. Earth's atmosphere is becoming highly charged and electrified causing massive plasma bursts like this to strike, causing more lightning strikes period. Lightning has even been documented striking on days without a storm cloud in sight. All the signatures of the binary twin solar system and the Destroyer's arrival just amplified dramatically this year. The alarmingly endless rainfall and flooding across the world is something I have never witnessed before in my ten years of reporting Earth's climate disasters. Folks who know weather for 60 - 70 years have never witnessed the sudden incredible down bursts of several inches of rain in just minutes that have been triggering nonstop catastrophic flash flooding across America and the rest of the world. It's just been nonstop this year. I've never seen so many very strong and powerful earthquakes strike since March when the 7.0+, 6.0+, 5.0+ magnitude earthquakes accelerated in frequency so fast. With aftershocks in numbers we've never seen before, in the hundreds. I've never seen so many fires breaking out across the world that just keep coming. Canada, the United States, the entire Mediterranean region, Europe, etc. The core of the Earth is expanding from the increase in radiation causing the rock to melt underneath our feet. Magma plumes are growing, lava tubes and corridors are expanding globally and reaching the Earth's surface, on land and under water. We've got a rash of volcanic activity on land and on the ocean floor heating up the water, melting the poles, causing marine life die offs, and fueling the atmosphere with high humidity and water vapor for more frequent and intense storming. All the symptoms of the arrival of the binary twin solar system that was expected are being checked off. This will just continue to worsen in the coming days. Mid-August is almost here and watching for the extreme weather to intensify. We're heading into severe birth pangs now. Listening for updates and watching it unfold live. Remarkable days.

Detailed fact-check analysis of: MASSIVE bolt of plasma burst out of the sky striking I-40 near Alma, Arkansas last night! They're getting larger and more frequent as the Earth continues charging up. The further the magnetic North Pole continues racing toward Siberia the weaker Earth's protective magnetic shield becomes. More cosmic radiation from space and more UV, UVB, and UVC radiation from the Sun are penetrating deeper into our atmosphere and into the Earth. Earth's atmosphere is becoming highly charged and electrified causing massive plasma bursts like this to strike, causing more lightning strikes period. Lightning has even been documented striking on days without a storm cloud in sight. All the signatures of the binary twin solar system and the Destroyer's arrival just amplified dramatically this year. The alarmingly endless rainfall and flooding across the world is something I have never witnessed before in my ten years of reporting Earth's climate disasters. Folks who know weather for 60 - 70 years have never witnessed the sudden incredible down bursts of several inches of rain in just minutes that have been triggering nonstop catastrophic flash flooding across America and the rest of the world. It's just been nonstop this year. I've never seen so many very strong and powerful earthquakes strike since March when the 7.0+, 6.0+, 5.0+ magnitude earthquakes accelerated in frequency so fast. With aftershocks in numbers we've never seen before, in the hundreds. I've never seen so many fires breaking out across the world that just keep coming. Canada, the United States, the entire Mediterranean region, Europe, etc. The core of the Earth is expanding from the increase in radiation causing the rock to melt underneath our feet. Magma plumes are growing, lava tubes and corridors are expanding globally and reaching the Earth's surface, on land and under water. We've got a rash of volcanic activity on land and on the ocean floor heating up the water, melting the poles, causing marine life die offs, and fueling the atmosphere with high humidity and water vapor for more frequent and intense storming. All the symptoms of the arrival of the binary twin solar system that was expected are being checked off. This will just continue to worsen in the coming days. Mid-August is almost here and watching for the extreme weather to intensify. We're heading into severe birth pangs now. Listening for updates and watching it unfold live. Remarkable days.

Aug 13, 2025
Read more →
Fact Check: MASSIVE bolt of plasma burst out of the sky striking I-40 near Alma, Arkansas last night! They're getting larger and more frequent as the Earth continues charging up. The further the magnetic North Pole continues racing toward Siberia the weaker Earth's protective magnetic shield becomes. More cosmic radiation from space and more UV, UVB, and UVC radiation from the Sun are penetrating deeper into our atmosphere and into the Earth. Earth's atmosphere is becoming highly charged and electrified causing massive plasma bursts like this to strike, causing more lightning strikes period. Lightning has even been documented striking on days without a storm cloud in sight. All the signatures of the binary twin solar system and the Destroyer's arrival just amplified dramatically this year. The alarmingly endless rainfall and flooding across the world is something I have never witnessed before in my ten years of reporting Earth's climate disasters. Folks who know weather for 60 - 70 years have never witnessed the sudden incredible down bursts of several inches of rain in just minutes that have been triggering nonstop catastrophic flash flooding across America and the rest of the world. It's just been nonstop this year. I've never seen so many very strong and powerful earthquakes strike since March when the 7.0+, 6.0+, 5.0+ magnitude earthquakes accelerated in frequency so fast. With aftershocks in numbers we've never seen before, in the hundreds. I've never seen so many fires breaking out across the world that just keep coming. Canada, the United States, the entire Mediterranean region, Europe, etc. The core of the Earth is expanding from the increase in radiation causing the rock to melt underneath our feet. Magma plumes are growing, lava tubes and corridors are expanding globally and reaching the Earth's surface, on land and under water. We've got a rash of volcanic activity on land and on the ocean floor heating up the water, melting the poles, causing marine life die offs, and fueling the atmosphere with high humidity and water vapor for more frequent and intense storming. All the symptoms of the arrival of the binary twin solar system that was expected are being checked off. This will just continue to worsen in the coming days. Mid-August is almost here and watching for the extreme weather to intensify. We're heading into severe birth pangs now. Listening for updates and watching it unfold live. Remarkable days.
False
🎯 Similar

Fact Check: MASSIVE bolt of plasma burst out of the sky striking I-40 near Alma, Arkansas last night! They're getting larger and more frequent as the Earth continues charging up. The further the magnetic North Pole continues racing toward Siberia the weaker Earth's protective magnetic shield becomes. More cosmic radiation from space and more UV, UVB, and UVC radiation from the Sun are penetrating deeper into our atmosphere and into the Earth. Earth's atmosphere is becoming highly charged and electrified causing massive plasma bursts like this to strike, causing more lightning strikes period. Lightning has even been documented striking on days without a storm cloud in sight. All the signatures of the binary twin solar system and the Destroyer's arrival just amplified dramatically this year. The alarmingly endless rainfall and flooding across the world is something I have never witnessed before in my ten years of reporting Earth's climate disasters. Folks who know weather for 60 - 70 years have never witnessed the sudden incredible down bursts of several inches of rain in just minutes that have been triggering nonstop catastrophic flash flooding across America and the rest of the world. It's just been nonstop this year. I've never seen so many very strong and powerful earthquakes strike since March when the 7.0+, 6.0+, 5.0+ magnitude earthquakes accelerated in frequency so fast. With aftershocks in numbers we've never seen before, in the hundreds. I've never seen so many fires breaking out across the world that just keep coming. Canada, the United States, the entire Mediterranean region, Europe, etc. The core of the Earth is expanding from the increase in radiation causing the rock to melt underneath our feet. Magma plumes are growing, lava tubes and corridors are expanding globally and reaching the Earth's surface, on land and under water. We've got a rash of volcanic activity on land and on the ocean floor heating up the water, melting the poles, causing marine life die offs, and fueling the atmosphere with high humidity and water vapor for more frequent and intense storming. All the symptoms of the arrival of the binary twin solar system that was expected are being checked off. This will just continue to worsen in the coming days. Mid-August is almost here and watching for the extreme weather to intensify. We're heading into severe birth pangs now. Listening for updates and watching it unfold live. Remarkable days.

Detailed fact-check analysis of: MASSIVE bolt of plasma burst out of the sky striking I-40 near Alma, Arkansas last night! They're getting larger and more frequent as the Earth continues charging up. The further the magnetic North Pole continues racing toward Siberia the weaker Earth's protective magnetic shield becomes. More cosmic radiation from space and more UV, UVB, and UVC radiation from the Sun are penetrating deeper into our atmosphere and into the Earth. Earth's atmosphere is becoming highly charged and electrified causing massive plasma bursts like this to strike, causing more lightning strikes period. Lightning has even been documented striking on days without a storm cloud in sight. All the signatures of the binary twin solar system and the Destroyer's arrival just amplified dramatically this year. The alarmingly endless rainfall and flooding across the world is something I have never witnessed before in my ten years of reporting Earth's climate disasters. Folks who know weather for 60 - 70 years have never witnessed the sudden incredible down bursts of several inches of rain in just minutes that have been triggering nonstop catastrophic flash flooding across America and the rest of the world. It's just been nonstop this year. I've never seen so many very strong and powerful earthquakes strike since March when the 7.0+, 6.0+, 5.0+ magnitude earthquakes accelerated in frequency so fast. With aftershocks in numbers we've never seen before, in the hundreds. I've never seen so many fires breaking out across the world that just keep coming. Canada, the United States, the entire Mediterranean region, Europe, etc. The core of the Earth is expanding from the increase in radiation causing the rock to melt underneath our feet. Magma plumes are growing, lava tubes and corridors are expanding globally and reaching the Earth's surface, on land and under water. We've got a rash of volcanic activity on land and on the ocean floor heating up the water, melting the poles, causing marine life die offs, and fueling the atmosphere with high humidity and water vapor for more frequent and intense storming. All the symptoms of the arrival of the binary twin solar system that was expected are being checked off. This will just continue to worsen in the coming days. Mid-August is almost here and watching for the extreme weather to intensify. We're heading into severe birth pangs now. Listening for updates and watching it unfold live. Remarkable days.

Aug 13, 2025
Read more →
Fact Check: My Executive Order, absolutely TREMENDOUS, makes MANDATORY watch INCREDIBLE, but very sad, documentary DOMINION! exposes the HORRIFIC behind the food we something the Deep State doesn't want know! thanks the patriot Senator Cory Booker, GREAT guy, streaming this White House movie room with the that learn SHOCKED, totally SHOCKED, million cows, million chickens, and BILLIONS (with BIG slaughtered EVERY DAY! Innocent, innocent animals. million This ghastly practice, folks, does NOT make America great. NO WAY! NOW IS THE TIME FOR PEACE WITH THE ANIMALS, best peace, better than anyone's you for your attention Thank this HUGE matter. WATCH DOMINION. 226K
False
🎯 Similar

Fact Check: My Executive Order, absolutely TREMENDOUS, makes MANDATORY watch INCREDIBLE, but very sad, documentary DOMINION! exposes the HORRIFIC behind the food we something the Deep State doesn't want know! thanks the patriot Senator Cory Booker, GREAT guy, streaming this White House movie room with the that learn SHOCKED, totally SHOCKED, million cows, million chickens, and BILLIONS (with BIG slaughtered EVERY DAY! Innocent, innocent animals. million This ghastly practice, folks, does NOT make America great. NO WAY! NOW IS THE TIME FOR PEACE WITH THE ANIMALS, best peace, better than anyone's you for your attention Thank this HUGE matter. WATCH DOMINION. 226K

Detailed fact-check analysis of: My Executive Order, absolutely TREMENDOUS, makes MANDATORY watch INCREDIBLE, but very sad, documentary DOMINION! exposes the HORRIFIC behind the food we something the Deep State doesn't want know! thanks the patriot Senator Cory Booker, GREAT guy, streaming this White House movie room with the that learn SHOCKED, totally SHOCKED, million cows, million chickens, and BILLIONS (with BIG slaughtered EVERY DAY! Innocent, innocent animals. million This ghastly practice, folks, does NOT make America great. NO WAY! NOW IS THE TIME FOR PEACE WITH THE ANIMALS, best peace, better than anyone's you for your attention Thank this HUGE matter. WATCH DOMINION. 226K

Aug 3, 2025
Read more →
Fact Check: 11 YR OLD SHOOTS ILLEGALS thanks FOX NEWS for reporting it. BUTTE , MONTANA Shotgun preteen vs. Illegal alien Home Invaders...Two illegal aliens, Ralphel Resindez, 23, and Enrico Garza, 26, probably believed they would easily overpower home-alone 11-year-old Patricia Harrington after her father had left their two-story home. It seems the two crooks never learned two things: they were in Montana and Patricia had been a clay-shooting champion since she was nine.Patricia was in her upstairs room when the two men broke through the front door of the house. She quickly ran to her father's room and grabbed his 12-gauge Mossberg 500 shotgun. Resindez was the first to get up to the second floor only to be the first to catch a near point blank blast of buckshot from the 11-year-old's knee-crouch aim. He suffered fatal wounds to his abdomen and genitals.When Garza ran to the foot of the stairs, he took a blast to the left shoulder and staggered out into the ...street where he bled to death before medical help could arrive. It was found out later that Resindez was armed with a stolen 45-caliber handgun he took from another home invasion robbery. That victim, 50-year-old David 0'Burien, was not so lucky. He died from stab wounds to the chest.Ever wonder why good stuff never makes NBC, CBS, PBS, MSNBC, CNN, or ABC news........? An 11 year old girl, properly trained, defended her home, and herself......against two murderous, illegal immigrants.......and she wins. She is still alive. Now THAT is Gun Control!Thought for the day.... Calling an illegal alien an 'undocumented immigrant' is like calling a drug dealer an 'unlicensed pharmacist.'I like this kind of e-mail! American citizens defending themselves and their homes.
Unverified

Fact Check: 11 YR OLD SHOOTS ILLEGALS thanks FOX NEWS for reporting it. BUTTE , MONTANA Shotgun preteen vs. Illegal alien Home Invaders...Two illegal aliens, Ralphel Resindez, 23, and Enrico Garza, 26, probably believed they would easily overpower home-alone 11-year-old Patricia Harrington after her father had left their two-story home. It seems the two crooks never learned two things: they were in Montana and Patricia had been a clay-shooting champion since she was nine.Patricia was in her upstairs room when the two men broke through the front door of the house. She quickly ran to her father's room and grabbed his 12-gauge Mossberg 500 shotgun. Resindez was the first to get up to the second floor only to be the first to catch a near point blank blast of buckshot from the 11-year-old's knee-crouch aim. He suffered fatal wounds to his abdomen and genitals.When Garza ran to the foot of the stairs, he took a blast to the left shoulder and staggered out into the ...street where he bled to death before medical help could arrive. It was found out later that Resindez was armed with a stolen 45-caliber handgun he took from another home invasion robbery. That victim, 50-year-old David 0'Burien, was not so lucky. He died from stab wounds to the chest.Ever wonder why good stuff never makes NBC, CBS, PBS, MSNBC, CNN, or ABC news........? An 11 year old girl, properly trained, defended her home, and herself......against two murderous, illegal immigrants.......and she wins. She is still alive. Now THAT is Gun Control!Thought for the day.... Calling an illegal alien an 'undocumented immigrant' is like calling a drug dealer an 'unlicensed pharmacist.'I like this kind of e-mail! American citizens defending themselves and their homes.

Detailed fact-check analysis of: 11 YR OLD SHOOTS ILLEGALS thanks FOX NEWS for reporting it. BUTTE , MONTANA Shotgun preteen vs. Illegal alien Home Invaders...Two illegal aliens, Ralphel Resindez, 23, and Enrico Garza, 26, probably believed they would easily overpower home-alone 11-year-old Patricia Harrington after her father had left their two-story home. It seems the two crooks never learned two things: they were in Montana and Patricia had been a clay-shooting champion since she was nine.Patricia was in her upstairs room when the two men broke through the front door of the house. She quickly ran to her father's room and grabbed his 12-gauge Mossberg 500 shotgun. Resindez was the first to get up to the second floor only to be the first to catch a near point blank blast of buckshot from the 11-year-old's knee-crouch aim. He suffered fatal wounds to his abdomen and genitals.When Garza ran to the foot of the stairs, he took a blast to the left shoulder and staggered out into the ...street where he bled to death before medical help could arrive. It was found out later that Resindez was armed with a stolen 45-caliber handgun he took from another home invasion robbery. That victim, 50-year-old David 0'Burien, was not so lucky. He died from stab wounds to the chest.Ever wonder why good stuff never makes NBC, CBS, PBS, MSNBC, CNN, or ABC news........? An 11 year old girl, properly trained, defended her home, and herself......against two murderous, illegal immigrants.......and she wins. She is still alive. Now THAT is Gun Control!Thought for the day.... Calling an illegal alien an 'undocumented immigrant' is like calling a drug dealer an 'unlicensed pharmacist.'I like this kind of e-mail! American citizens defending themselves and their homes.

Aug 12, 2025
Read more →
Fact Check: Trump is angry with the BRICS group: "We will not allow the dollar to lose its value." "We received $5.1 trillion in 'investment' from the Gulf, and now $17 billion from Bahrain, and they're all eager to pour more into America!
Partially True

Fact Check: Trump is angry with the BRICS group: "We will not allow the dollar to lose its value." "We received $5.1 trillion in 'investment' from the Gulf, and now $17 billion from Bahrain, and they're all eager to pour more into America!

Detailed fact-check analysis of: Trump is angry with the BRICS group: "We will not allow the dollar to lose its value." "We received $5.1 trillion in 'investment' from the Gulf, and now $17 billion from Bahrain, and they're all eager to pour more into America!

Aug 3, 2025
Read more →
Fact Check: Voice of America is state media
Partially True

Fact Check: Voice of America is state media

Detailed fact-check analysis of: Voice of America is state media

Aug 6, 2025
Read more →
Explore All Fact Checks