How does today's economy/financial crisis compare to that of the 1970s?

With new statistics showing alarming rates of poverty, I'm wondering how this era compares to the recession of the late 1970s in relation to how it has impacted the average american's day to day life.How does today's economy/financial crisis compare to that of the 1970s?
This is the worst since the Great Depression, by any metric



http://economix.blogs.nytimes.com/2010/0鈥?/a>

http://seekingalpha.com/article/138580-s鈥?/a>

http://www.advisorperspectives.com/comme鈥?/a>



It started off worse than the Great Depression

http://www.voxeu.org/index.php?q=node/34鈥?/a>How does today's economy/financial crisis compare to that of the 1970s?
The 2007-09 recession was a bit longer and deeper than the 1973-75 recession.



18 months versus 16 months

Peak to trough GDP decline of 4.1% versus 3.2%