Tweet
Hmmm..
Bread Lines Seen in
California
Last Edited: Saturday, 07 Mar 2009, 1:34 PM EST
Created On: Saturday, 07 Mar 2009, 1:33 PM EST
By ANTHONY BARTKEWICZ, MyFox National
- Many say a depression doesn't have to be great, that the economy can sink into a milder depression. The Salvation Army says it's happening now, and in San Diego County, people are standing in line outside a Salvation Army waiting for donated bread.
Salvation Army director of communications Suzi Woodruff Lacey said they are seeing people from all walks of life: "white collar, blue collar, people who have lost their jobs, people who are in danger of losing their homes."
Bread lines were regularly seen in the 1930s during the Great Depression, when unemployment peaked at more than 25 percent and the stock market lost 90 percent of its value. Today, California's unemployment rate hit 8.4 percent.
Bread Lines Seen in
California
Last Edited: Saturday, 07 Mar 2009, 1:34 PM EST
Created On: Saturday, 07 Mar 2009, 1:33 PM EST
By ANTHONY BARTKEWICZ, MyFox National
- Many say a depression doesn't have to be great, that the economy can sink into a milder depression. The Salvation Army says it's happening now, and in San Diego County, people are standing in line outside a Salvation Army waiting for donated bread.
Salvation Army director of communications Suzi Woodruff Lacey said they are seeing people from all walks of life: "white collar, blue collar, people who have lost their jobs, people who are in danger of losing their homes."
Bread lines were regularly seen in the 1930s during the Great Depression, when unemployment peaked at more than 25 percent and the stock market lost 90 percent of its value. Today, California's unemployment rate hit 8.4 percent.