Multiple choice general knowledge

“Recession is when a neighbor loses his job. Depression is when you lose yours.”

  1. Ronald Reagan

  2. Harry S. Truman

  3. Barack Obama

  4. George W Bush

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Harry S. Truman, US President 1945-1953, is credited with this witty distinction between recession and depression. It humorously illustrates how economic hardship feels more severe when it affects you personally. Ronald Reagan was known for other economic quips, Barack Obama and George W Bush were not in office when this quote originated (Truman era).