Great Depression?

I keep hearing our financial crisis being referred to as a second great depression. The only difference is that

Now people are forced to move out of houses they couldn't afford in the first place and then they became homeless.

Now we all have our own cars, cell phones, tv plans, and dining out budgets and then they had bread lines.

Now we might not be able to afford our big screen TV and then they were destitute.

Now we are losing our retirement and then they were losing their livelihoods.

(note: for those who are experiencing the worst of our economic times, I truly am sorry. But for the rest of us: spend less and give more).