$this->bbcode_second_pass_quote('cube', 'I') think people underestimate how much "fat" is in the system. Take food consumption for example in a 1st world nation. As the economy contracts people will eat one step lower and continue going down one step at a time:
step 1 - eating out at fancy restaurants
step 2 - eating out at fast food restaurants or ordering to go
step 3 - NOT eating out at all or only on special occasions
/// eating at home now
step 4 - eating conveniently precooked and prepackaged foods
step 5 - eating prepackaged but not necessarily precooked foods
step 6 - buying only generic brand foods
/// raw ingredients
step 7 - this is what people ate 100 years ago. real labor intensive home cooking from scratch
step 8 - raw ingredients but cheaper: broccoli and carrots NOT peaches and tomatos
step 9 - raw ingredients of the most basic starches: rice, beans, bread, corn
/// out of food. There is nothing cheaper than basic starches
step 10 - grow your own potato garden
step 11 - cannibalism
Right now the average American is at step 2 which is still pretty damn good. I believe in the die-off scenario (in the "long" run) however I find myself having absolutely NO relationship with 50% of other people on this board.
A die-off is a multi-step process so we have a very long long long ways to go.
IMHO it would take about 40 years of economic contraction to push the majority of Americans down to step 6.

Well said cube, I think you hit the nail on the head.