The idea that certain historic events are cyclical in a central theme in future studies. Nicolai Kondratiev and Strauss & Howe likened this dynamic to the seasons. What generational theorists Strauss & Howe call the Fourth Turning or ‘Crisis’ era is also known as a Kondratiev winter. In other words, a season characterized by decline rather than growth.
The depression of the 1930s was the last time the country was at this turning. C American Winter
When in the wealthiest country in the world, between 1/4 and 1/5 of the total child population lives in poverty, it affects a whole generation, even most of the 3/4 who are not poor. Because in this one-strike-and-you’re-out reality everyone but a few financially secure people are just one paycheck, one mortgage payment or one recession away from personal disaster. And if you don’t live in a permanent zen bubble, that knowledge will eat at your nerve endings.
Please watch the trailer below. It will tug at your heartstrings and wet your eyes, but this is more than exaggerated cinematography. It’s actually true for very many families who are falling out of the middle class and into an uncertain future. If you don’t have time to watch the full clip, the dire message here comes about 1:23 minutes in.