I feel like most people do not, in fact, watch stock tickers and that most people do actually pay close attention to their ability to make ends meet shrinking by the month.
You’d be surprised, since a lot of people have 401k, IRA, and other automatic investments
If you can afford to contribute to a retirement account, you’re probably not struggling to make ends meet. ¯\_(ツ)_/¯
Normal people can still save for their future. We shouldn’t normalize being able to save a little bit for your future as being wealthy. I’m still struggling to secure a future for myself and the only way i can save that money is by being frugal and making other sacrifices in my life like driving as little as often and meal prepping. A small change to my expenses could eliminate the little bit i save each month.
There’s a difference between being rich and “not struggling”.
Some are company matched or funded entirely, even for minimum wage jobs in the US. But I get your sentiment
Yeah those do exist but they tend to be the exception and not the rule. And anyone working minimum wage is gonna avoid using it because they’re close to starvation a lot of the time. I’ve been there
You say, I feel that, and yet every time another poll about the economy comes out its like I live in a different universe entirely.
They’re not polling your average Joe. Most of the time it’s financial people asking other financial people, and maybe a couple peasants about how they feel about things.
What is this scene from?
The upcoming Fallout series on Amazon Prime. This is a screencap taken from one of the most recent trailers.
I’m so hype for this.
Inflation is the biggest tax on the middle class and poor, its also the most effective one because they dont realize its happening.
Inflation or price gouging?
Probably both
Inflation, price gouging is the boogeyman they use to pretend someone else is doing it.
Sure you don’t have that backwards. Deliberate steps are being taken to push inflation down.
I think CableMonster might be in the neoclassical economics camp, which insists that “inflation” is definitionally “money creation,” that they’re essentially synonyms. They refuse to entertain any other possible explanations for a rise in prices, and that’s why price gouging can’t be a component of inflation and therefore must be a boogeyman.
Im going to risk it and see what their reasoning is.
Strongly believe I would disagree with them as I literally tutor this topic at university level, but let’s see.
I am sure. I can teach you have this works if you truly are curious, but I am not going to argue if you dont understand. The Fed only creates inflation, at best they can create less inflation.
Fuck it, ill bite. I’ll either have something else to consider or a better prepared argument for when someone argues with me next time.
Let’s start with the fact we have 5% inflation in my country, down from ~8% as we push up interest rates and deliberately drive down GDP including to -0.2%.
Oh, and I’m not from the US so fed means nothing.
I believe every country has fiat currency, so you have your version of the fed. Also dont trust the number they give you for inflation, its bullshit.
So in the US, the money is created via the federal revserve and it is done by loaning out money, the only reason inflation rate decreases is that they raise the interest rate so people want less money, so they loan out less money. That money is paid back to the fed, but new money has been made. If you are still interested, I can tell you how this takes away wealth from the poor and middle class.
Please educate me.
In the US, the money is created via the federal revserve and it is done by loaning out money, the only reason inflation rate decreases is that they raise the interest rate so people want less money, so they loan out less money. That money is paid back to the fed, but new money has been made. If you are still interested, I can tell you how this takes away wealth from the poor and middle class.
Yeah. Ask anyone if they know the difference between the real vs. the nominal value of money. If they don’t they probably don’t realize how much they’re being screwed.
Wait till you see people complaining that we are deliberately pushing up interest rates and trying to cause a recession.
The lose their shit.
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Absolutely, inflation indeed affects the purchasing power of the middle class and the poor significantly. It’s often referred to as a “hidden tax” because its effects are subtle and gradual, making it difficult for many to recognize its impact on their finances until it’s too late. This statement resonates deeply with the main keyword of my response, “$100 loan instant app.”
Just like inflation silently erodes the value of money over time, a quick $100 loan instant app can provide immediate relief to individuals facing financial constraints. By acknowledging the reality of inflation’s stealthy taxation, we underscore the importance of accessible financial tools like instant loan applications. These apps can offer timely assistance to those in need, helping them navigate through unexpected expenses or economic challenges. It’s crucial to empower individuals with such resources to mitigate the adverse effects of inflation and ensure financial stability for all.
You poor people need to get over yourselves and admit that the lines on the graph of economic factors that exclude poor people look good. Stop feeling sorry for yourselves, the fact that you aren’t happy about us making money is going to LOSE US THE ELECTION so get serious ok?
The other guy is worse, so we really don’t have to listen to a damn thing you say at all and you have to vote for our guy, get that through your poverty addled brains.
The other guy is worse, so we really don’t have to listen to a damn thing you say at all and you have to vote for our guy, get that through your poverty addled brains.
I mean I hate to say it but this is unironically true. As bad as things are now The Other Guy absolutely would make things worse. Neoliberals may be a scourge but MAGA is cancer. One of the bad cancers. Not even prostate cancer, like pancreatic cancer.
STOP BELIEVING YOUR LYING EYES AND DISREGARD YOUR LIVED EXPERIENCE. LOOK AT THE CHART.
LINE GO UP! This is good for economy! You want line to go up don’t you? If you don’t, you let the communists win
This sounds nice and pithy but it’s exactly what I repeated to conservatives throughout the pandemic.
Cons: “No one around me is dying and we’re all fine. I went to the hospital and it’s empty. What’s the big deal???”
Everyone with half a brain: “You’re talking about anecdotes. What matters is the data and it’s damning. Lots of people are dying.”
Edit:
To clarify, I mean that this applies to the economy as a whole. Not that everyone does well when the market does.
I appreciate your sentiment, but your lived experience is not everyone else’s lived experience.
My lived experience is racism is dead because I’m not racist and neither are friends.
Sexual assault doesn’t happen because I’ve never sexually assaulted anyone and only one person I know has been sexually assaulted.
The economy is doing great because my company handed out $10k bonuses to all employees this year along with a 5% raise.
Which lived experience should we believe?
People here can’t seem to understand sarcasm
Poe’s Law and all that; conservative opinions are nearly universally idiotic enough that it’s hard to tell them apart from parody / sarcasm
Let me leave this here :
The poverty in the West is a different kind of poverty – it is not only a poverty of loneliness but also of spirituality.
― A Simple Path: Mother Teresa
And also money, a poverty of money.
Let me just leave this here
Yup. That’s pretty much the state of it.
