--- title: "Meaning & Key Takeaway of: Recession is when a neighbor loses his…" description: "\"Recession is when a neighbor loses his job. Depression is when you lose yours.\" — Ronald Reagan" image: "https://sms4smile.com/quotes/i/35f/ronald-reagan-119_depression_recession-is-when-a-neighbor-loses-his-j_1199245.jpg" --- # Recession is when a neighbor loses his job. Depression is… ![“Recession is when a neighbor loses his job. Depression is when you lose yours.” quote by Ronald Reagan](https://sms4smile.com/quotes/i/35f/ronald-reagan-119_depression_recession-is-when-a-neighbor-loses-his-j_1199245.jpg) [Download](https://sms4smile.com/quotes/i/35f/ronald-reagan-119_depression_recession-is-when-a-neighbor-loses-his-j_1199245.jpg) [Open image](https://sms4smile.com/quotes/i/35f/ronald-reagan-119_depression_recession-is-when-a-neighbor-loses-his-j_1199245.jpg) > “Recession is when a neighbor loses his job. Depression is when you lose yours.” [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic downturns affect others first, personal hardship hits harder. **In simple terms:** Recession hurts neighbors; depression hurts you. Key Takeaway Recognize personal impact and seek support. Themes economy personal hardship resilience Mood concerned determined Type advice motivational When to use this quote - job loss - financial planning - mental health care - community support Key Concepts macroeconomics mental health social safety nets Questions to Reflect On - How do you support yourself during economic hardship? - What community resources can help? A Different Perspective Personal crises can be mitigated with strong social safety nets. ★ ★ ★ ★ ★ No ratings yet [Depression](https://sms4smile.com/quotes/about/depression/) [Neighbor](https://sms4smile.com/quotes/about/neighbor/) [Recession](https://sms4smile.com/quotes/about/recession/) ## Related quotes > [A recession is when your neighbor loses his job. A depression is when you lose yours.](https://sms4smile.com/quotes/ronald-reagan/a-recession-is-when-your-neighbor-loses-his-job-a-depression-is-when/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his.](https://sms4smile.com/quotes/ronald-reagan/recession-is-when-your-neighbor-loses-his-job-depression-is-when-you/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [It's a recession when your neighbor loses his job; it's a depression when you lose yours.](https://sms4smile.com/quotes/harry-s-truman-2/it-s-a-recession-when-your-neighbor-loses-his-job-it-s-a-depression-2/) [Harry S Truman](https://sms4smile.com/quotes/author/harry-s-truman-2/) > [Its a recession when your neighbor loses his job; its a depression when you lose your own.](https://sms4smile.com/quotes/harry-s-truman-2/its-a-recession-when-your-neighbor-loses-his-job-its-a-depression/) [Harry S Truman](https://sms4smile.com/quotes/author/harry-s-truman-2/) > [“It’s a recession when your neighbor loses his job; it’s a depression when you lose your own.”](https://sms4smile.com/quotes/harry-s-truman/it-s-a-recession-when-your-neighbor-loses-his-job-it-s-a-depression/) [Harry S. Truman](https://sms4smile.com/quotes/author/harry-s-truman/) > [The difference between recession and depression is simple. Recession, goes the saying, is when you lose your job; depression is when I lose mine.](https://sms4smile.com/quotes/amity-shlaes/the-difference-between-recession-and-depression-is-simple-recession/) [Amity Shlaes](https://sms4smile.com/quotes/author/amity-shlaes/) > [One of the manifestations of depression for me is that I lose my will. And I thereby lose my ability to focus. I don't…](https://sms4smile.com/quotes/rachel-maddow/one-of-the-manifestations-of-depression-for-me-is-that-i-lose-my-will/) [Rachel Maddow](https://sms4smile.com/quotes/author/rachel-maddow/) > [Once a week, I like to slip into a deep existential depression where I lose all my sense of oneness and self-worth.](https://sms4smile.com/quotes/bo-burnham/once-a-week-i-like-to-slip-into-a-deep-existential-depression-where-i/) [Bo Burnham](https://sms4smile.com/quotes/author/bo-burnham/) > [A recession is when your neighbour has to tighten his belt. A depression is when you have to tighten your own belt. And a…](https://sms4smile.com/quotes/tommy-douglas/a-recession-is-when-your-neighbour-has-to-tighten-his-belt-a/) [Tommy Douglas](https://sms4smile.com/quotes/author/tommy-douglas/) > [With the recession, people are having to choose between their cable and their internet connection. And think about it.](https://sms4smile.com/quotes/rosario-dawson/with-the-recession-people-are-having-to-choose-between-their-cable/) [Rosario Dawson](https://sms4smile.com/quotes/author/rosario-dawson/) > [We must not let the panicky Wall Street wheeler-dealers and the Trump-hating establishment state media talk us into a recession. We must keep the…](https://sms4smile.com/quotes/steve-hilton/we-must-not-let-the-panicky-wall-street-wheeler-dealers-and-the-trump/) [Steve Hilton](https://sms4smile.com/quotes/author/steve-hilton/) > [“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises…](https://sms4smile.com/quotes/nassim-nicholas-taleb/suckers-think-that-you-cure-greed-with-money-addiction-with/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [The Federal Reserve is not currently forecasting a recession.](https://sms4smile.com/quotes/ben-bernanke/the-federal-reserve-is-not-currently-forecasting-a-recession/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But…](https://sms4smile.com/quotes/george-soros/at-times-of-recession-running-a-budget-deficit-is-highly-desirable/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [A government can't cut its way out of a recession any more than you can dig yourself out of a hole.](https://sms4smile.com/quotes/caroline-lucas/a-government-can-t-cut-its-way-out-of-a-recession-any-more-than-you/) [Caroline Lucas](https://sms4smile.com/quotes/author/caroline-lucas/) ## More by Ronald Reagan > [Today, the world looks to America for leadership. And America looks to its Corps of Marines.](https://sms4smile.com/quotes/ronald-reagan/today-the-world-looks-to-america-for-leadership-and-america-looks-to/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [I've long believed one of the mainsprings of our own liberty has been the widespread ownership of property among our people and the expectation…](https://sms4smile.com/quotes/ronald-reagan/i-ve-long-believed-one-of-the-mainsprings-of-our-own-liberty-has-been/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [You know, by the time you reach my age, you've made plenty of mistakes if you've lived your life properly. So you learn. You…](https://sms4smile.com/quotes/ronald-reagan/you-know-by-the-time-you-reach-my-age-you-ve-made-plenty-of-mistakes/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [Yes, across Europe, this wall will fall. For it cannot withstand faith; it cannot withstand truth. The wall cannot withstand freedom.](https://sms4smile.com/quotes/ronald-reagan/yes-across-europe-this-wall-will-fall-for-it-cannot-withstand-faith/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [Simple fairness dictates that government must not raise taxes on families struggling to pay their bills.](https://sms4smile.com/quotes/ronald-reagan/simple-fairness-dictates-that-government-must-not-raise-taxes-on/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [The time has come to turn to God and reassert our trust in Him for the healing of America - our country is in…](https://sms4smile.com/quotes/ronald-reagan/the-time-has-come-to-turn-to-god-and-reassert-our-trust-in-him-for/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [Professional politicians like to talk about the value of experience in government. Nuts! The only experience you gain in politics is how to be…](https://sms4smile.com/quotes/ronald-reagan/professional-politicians-like-to-talk-about-the-value-of-experience/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [The WPA was one of the most productive elements of FDR's alphabet soup of agencies because it put people to work building roads, bridges,…](https://sms4smile.com/quotes/ronald-reagan/the-wpa-was-one-of-the-most-productive-elements-of-fdr-s-alphabet/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [Where there's liberty, art succeeds.](https://sms4smile.com/quotes/ronald-reagan/where-there-s-liberty-art-succeeds/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [Since I came to the White House, I got two hearing aids, a colon operation, skin cancer, a prostate operation, and I was shot.…](https://sms4smile.com/quotes/ronald-reagan/since-i-came-to-the-white-house-i-got-two-hearing-aids-a-colon/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [A moment I've been dreading. George brought his ne're-do-well son around this morning and asked me to find the kid a job. Not the…](https://sms4smile.com/quotes/ronald-reagan/a-moment-i-ve-been-dreading-george-brought-his-ne-re-do-well-son/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [On Father's Day, we pay tribute to all in our society who have taken on the responsibilitie s and joys of fatherhood. Whether our…](https://sms4smile.com/quotes/ronald-reagan/on-father-s-day-we-pay-tribute-to-all-in-our-society-who-have-taken/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [There is no limit to the amount of good you can do if you don't care who gets the credit.](https://sms4smile.com/quotes/ronald-reagan/there-is-no-limit-to-the-amount-of-good-you-can-do-if-you-don-t-care/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [It's not that liberals aren't smart, it's just that so much of what they know isn't so](https://sms4smile.com/quotes/ronald-reagan/it-s-not-that-liberals-aren-t-smart-it-s-just-that-so-much-of-what/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [Love your country, not for her power or wealth, but for her selflessness and her idealism.](https://sms4smile.com/quotes/ronald-reagan/love-your-country-not-for-her-power-or-wealth-but-for-her/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) [Explore all 1,244 Ronald Reagan quotes ](https://sms4smile.com/quotes/author/ronald-reagan/) ## More Depression quotes > [These joys were so trifling as to be as imperceptible as grains of gold among the sand, and in moments of depression she saw…](https://sms4smile.com/quotes/leo-tolstoy/these-joys-were-so-trifling-as-to-be-as-imperceptible-as-grains-of/) [Leo Tolstoy](https://sms4smile.com/quotes/author/leo-tolstoy/) > [“As ofttimes as it rains on my little spot of earth, you'd think I'd grow accustomed to the gloom.”](https://sms4smile.com/quotes/richelle-e-goodrich/as-ofttimes-as-it-rains-on-my-little-spot-of-earth-you-d-think-i-d/) [Richelle E. Goodrich](https://sms4smile.com/quotes/author/richelle-e-goodrich/) > [There's only so much for a man to take...](https://sms4smile.com/quotes/kirsten-gilchrist/there-s-only-so-much-for-a-man-to-take/) Kirsten Gilchrist > [“my stomach turned and burned with the acid of failure”](https://sms4smile.com/quotes/heidi-ames/my-stomach-turned-and-burned-with-the-acid-of-failure/) Heidi Ames > [That is the real problem of depression - a condition which will affect an estimated one in five of the population at some point…](https://sms4smile.com/quotes/giles-andreae/that-is-the-real-problem-of-depression-a-condition-which-will-affect/) [Giles Andreae](https://sms4smile.com/quotes/author/giles-andreae/) > [Im tired, tired of putting more effort than you do. Im tired of always having to start the conversation and if I dont, you…](https://sms4smile.com/quotes/anonymous/im-tired-tired-of-putting-more-effort-than-you-do-im-tired-of-always/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“Once upon a time, there was a naïve and innocent girl who thought she could tame the beast and live happily ever after. But…](https://sms4smile.com/quotes/nenia-campbell/once-upon-a-time-there-was-a-na-ve-and-innocent-girl-who-thought-she/) [Nenia Campbell](https://sms4smile.com/quotes/author/nenia-campbell/) > [“Why in depression" "If we are human, why not have the right to smile, Why in depression, young, and beautiful as earth, Why in…](https://sms4smile.com/quotes/yanilsa-pena/why-in-depression-if-we-are-human-why-not-have-the-right-to-smile-why/) Yanilsa pena > [“Depression makes me stronger”](https://sms4smile.com/quotes/shayamalan/depression-makes-me-stronger/) Shayamalan > [“Shorter believes that psychosomatic illnesses (such as leg paralysis at the turn of the twentieth century or multiple personality disorder at the turn of…](https://sms4smile.com/quotes/ethan-watters/shorter-believes-that-psychosomatic-illnesses-such-as-leg-paralysis/) [Ethan Watters](https://sms4smile.com/quotes/author/ethan-watters/) > [Depression is merely anger without enthusiasm.](https://sms4smile.com/quotes/steven-wright/depression-is-merely-anger-without-enthusiasm/) [Steven Wright](https://sms4smile.com/quotes/author/steven-wright/) > [Repression will provoke rebellion.](https://sms4smile.com/quotes/hugh-williamson/repression-will-provoke-rebellion/) Hugh Williamson > [I'm certainly not a perfect mother, but I'm trying to be what my mother wasn't for me. My mother's battled depression, so I understand…](https://sms4smile.com/quotes/dorothy-hamill/i-m-certainly-not-a-perfect-mother-but-i-m-trying-to-be-what-my/) [Dorothy Hamill](https://sms4smile.com/quotes/author/dorothy-hamill/) > [Every trial endured and weathered in the right spirit makes a soul nobler and stronger than it was before.](https://sms4smile.com/quotes/james-buckham-kennedy/every-trial-endured-and-weathered-in-the-right-spirit-makes-a-soul/) James Buckham Kennedy > [Scars by Papa Roach. <3](https://sms4smile.com/quotes/sophielianne/scars-by-papa-roach-3/) Sophielianne [Browse all 4,965 Depression quotes ](https://sms4smile.com/quotes/about/depression/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Recession is when a neighbor loses his job. 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