Phil Rosen: Great Depression figures show sharp declines in stocks, profits and wages

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Iryna Sazhynska

09.05.2026

Phil Rosen: Great Depression figures show sharp declines in stocks, profits and wages — Great Depression data show sharp declines

Phil Rosen, industry influencer, reviews the dramatic economic toll of the Great Depression by citing several key figures. He notes that stocks declined 86 percent, corporate profits dropped 70 percent, unemployment reached approximately 25 percent, GDP contracted by 30 percent, wages fell 60 percent, and more than 9,000 banks failed.

Phil Rosen underscores the scale of wealth destruction and refers to a new book titled Risk & Reward by another commentator for further analysis of these figures.

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Rosen has previously tracked gains in equity markets, noting the S&P 500 climbed 9.2% in April, well above the month’s historical average since 1950. Industry voices have also highlighted specific sectors, with recent attention on analog chip stocks as potential drivers for the next market rally. These analyses provide additional context to the historical figures cited in his review of the Great Depression.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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