The great American boom is finally running out of steam, leaving mountains of debt
www.telegraph.co.uk
High borrowing and low personal savings are dashing hopes of an economic soft landing
    • Frank [he/him, he/him]@hexbear.netEnglish
      1·
      22 days ago

      astronaut-1

      personally I don’t hink there was ever any recovery after the 07-08 collapse and the feds have been at best shuffling numbers around to make it look like things aren’t going to hell

      Over on facebook I’m being served lots of discussions about why Furiosa is doing poorly in the box office “It’s because racist antisemite grandpa isn’t in it!” “It’s because woke!” “It’s because people are sick of girl power!” but in between the mewling chuds is a simple, common thread; Folks can’t afford to go to the movies.

  • invo_rt [he/him]@hexbear.netEnglish
    0·
    22 days ago

    I haven’t gotten a raise in two years (despite getting a promotion) and my rent has gone up 70% in the past 4 years. I’ve been effectively priced out of ever owning a home where I live. All this to say my partner’s chud dad is old and my partner has to manage some of his finances occasionally. Just one of his accounts made $500K so far this year. Our only chance at owning a home is to bank on a generational wealth transfer that could take a decade or more. It’s a fucking joke.