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0 sats \ 0 replies \ @winteryeti 17 Dec \ on: America is richer than ever. Why is it so unhappy? econ
Well let's see:
-The facade of homes is a farce, mortgages are sky high and many people are multi-generations under one roof to save money and protect family. Plus many are in homes that are 20+ years old and eat up a lot of funds on repairs now.
-You can talk about new cars but no one is buying; we're all repairing old vehicles and keeping them going on the road. The average vehicle is now creeping up to 10+ years.
-Jobs that pay? What jobs? AI is wiping them out and leaving nothing for new hires. Those who have jobs are locking down and not moving to protect what they have.
-Government has proven to be useless for the last 15 years. Lots of talk about doing things and tearing down the other guy's program, but nothing in terms of actual economic improvement. Add in the fact that we are a service economy now and produce nothing in manufacturing, and the longterm prognosis for economic growth is nil.
-Inflation is up, cost of food and gas are double and yet wages are dropping. Do the math.
-People are relying more and more on safety net programs to make the gap to the end of the month, and yet those programs are getting cut. Instead, we're seeing billions of dollars being spent on a police state and nothing to show for it. Again, do the math.
And you wonder why Americans are upset.