A Boring Dystopia

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Why the real poverty line is $140,000, this strategist argues (www.marketwatch.com)

submitted 1 month ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] tunetardis@piefed.ca 97 points 1 month ago (1 children)

One last point he makes is the personal savings rate soared during lockdowns, as key costs like childcare and commuting vanished. “When the world reopened, the costs returned, but now inflated by 20%. The rage we feel today is the hangover from that brief moment where the American Option was momentarily back in the money,” he says.

So people were actually better off during the pandemic. smh

[–] Schmoo@slrpnk.net 46 points 1 month ago (1 children)

You have to remember that a lot of people weren't working or getting paid either, so even though their expenses went down many were still struggling.

[–] yes_this_time@lemmy.world 21 points 1 month ago* (last edited 1 month ago)

Right, it's also important to remember that for many folk they still had to go into work everyday, they tend not to be the people that have time to blog and wax nostalgic on the glory days of the pandemic. (Not directed at you or the parent, just a comment)