this post was submitted on 04 Dec 2023
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[–] Ashyr@sh.itjust.works 25 points 11 months ago

“Even if you’re working and your wages are up, your rent costs more, your groceries cost more, your gas costs more, everything costs more,” said Tedd Rossman, senior industry analyst at Bankrate.com. “So people don’t feel like they’re getting ahead."

Inflation is how it happened. People can't afford to live and there will be a reckoning when the bubble bursts. The rich steal at their own peril, capitalism must consume itself.

Also, Tedd, people don't feel like they can't get ahead because they can't. That's not a feeling, that's a fact.

[–] Spacehooks@reddthat.com 13 points 11 months ago (2 children)

I REALLY hope we are not going to have a repeat of the 1930's.

[–] Wooster@startrek.website 5 points 11 months ago (1 children)

Serious question:

Would anything short of that lead to reform? I’m not eager for a second Great Depression, but considering we can’t even pretend to get climate change under control, I can’t see the 1% changing their policies until it hurts them, and bad.

[–] Spacehooks@reddthat.com 2 points 11 months ago

I doubt it ww3 going to lead to fallout or madmax. Maybe now that the boomers are dropping finally we can see some change. I don't see any reforms happening until 2028 and then it will take years to go into effect. I'm hoping the reductions of population is going to save us.

[–] BruceTwarzen@kbin.social 0 points 11 months ago

Now way, it's gonna be way worse.

[–] FlyingSquid@lemmy.world 7 points 11 months ago

We had to do a refinance of our mortgage to cover credit card bills. And it wasn't enough to cover the thousands we owe in medical debt. Ain't America grand?