Deep into the Great Depression, homeless Trina (Loretta Young) meets the handsome, sharply-dressed Bill (Spencer Tracy) in a public park. After treating her to an expensive meal that he cannot pay for, Trina realizes that he too is down on his luck. The two decide to share Bill's derelict home, paving the way for a budding romance surrounded by the colorful friends and neighbors of Hoover Flats. A showgirl, pregnancy, and Bill's wandering tendencies are sure to test the strength of their relationship - not to mention the financial hardships of the Depression.