You got to love that media outlet. They can't even write an accurate headline. If people are skipping meals, they aren't getting by.
Vagrants giving up access to clean clothes, drinking water, and shelter against severe weather just to get by
You guys have retirement savings?
This situation in untenable. We need universal basic income. It can be financed if we tax the rich. It won't lead to inflation higher than the extra income. It merely gives small and middle sized companies a way to compete in the economy.
Best America will do is feudalism
Now it would be more accurate to call it technofeudalism.
I don't know if universal basic income would really do anything in the long run. I don't think it would lead to overall run off inflation, but I dont doubt for a second that landlords would immediately increase rent.
We don't really need more money supply, we need more protections in areas of economics that should rightfully be considered natural monopolies.
If we didn't have to spend so much on essentials that should be subsidized or price controlled by the government like housing, food, utilities, and healthcare, then we'd have more to stimulate other areas of the economy.
Increasing the money supply without implementing mechanisms for regulation is just a complicated economic stimulus for landlords, produce markets, and utility companies.
if you tax the rich, they need to ask for higher prices of the products they sell to still make a profit. this is a partial inflation.
however, small companies run by non-billionaires, like worker cooperatives and local businesses, would be exempt from the taxes and therefore have a competitive advantage. this is my goal.
Millennials be like…
Soon there will be a critical mass of people who have nothing left to lose
the media-spread call to "pull yourself up by the bootstraps" was a call for the population to "unroot" and "weed out itself". The people give all of their life force to companies, and when late-stage capitalism ends, people will be laid off and thrown away like empty husks.
The last 20 years have lead to widespread social division [link], isolation ("atomistic society" is a term to refer to a society that consists of many individuals instead of being a cohesive fabric) and loneliness. I don't think people will form unions and fight back.
I think it would be very un-American to help the people in need. The american spirit is one of enterpreneurship and adventure, and standing still and being lazy is unacceptable. The american movement is like the wind, if it stops moving, it stops existing. (it turns into thin air). As long as there's progress to be made and big projects to be realized, people will have jobs and income. America can not last, it can only be first. America cannot stay, it can only go forward, it has to leave. It has to leave the world behind and venture into the stars. Thank you for your attention to this matter.
Gen Z has retirements? 🤔
Stupidly expensive cost of living in some countries and even certain regions.
It's a vicious circle :
- People can't afford to have kids
- Aging population
- Labour shortage
- Use more immigrant labour
- People start getting pissy about immigrants
- People vote for right wing candidates
- Decrement the social wellbeing counter and return to 1
y'all got retirements and belonging??????
“Retirement”
I wonder if this really is the majority in america..its weird, I dont really see it here but im guessing a lot of people I know are getting parents help. I am seeing more homeless in my area all the time though but that does seem mental health related as well
If you knew for a fact that you'd never retire, you'd go a bit insane as well
From me and my husband's family, 5/6 kids (late millennials and gen z) have absolutely fallen back on moving back in with Mom and Dad in order to made things work. Probably one of those could have made it work otherwise, and the one that didn't have help lives in a tiny house. We've all been working the whole time, it's just between crazy rent hikes, health issues, and hurricanes it just hasn't been realistic to thrive (or in some of our cases thrive) without help. There's no social safety net.
Most of my friends (we're in our 30s) really want to start families and genuinely just can't afford to. We couldn't if we weren't receiving support from family. Childcare is just prohibitively expensive (especially on top of rent and insurance).
Gen Z where? I'm guessing the USA?
I don't see a clear reference to where those surveys where conducted.
Retirement?!?! Hahahaha!
As a Zennial (the microgeneration between Millennials and Gen Z), I already skip meals and ditch my belongings in a frequent basis. It's far from "getting by", though: it's just so I hopefully get to finally retire from my daily, boring job as a "biological vessel operator/manager" sooner 😄
The NYT article that the one above alludes to also suggests Gen Z has generally very high savings rates, which of course makes it more likely for people to have to dip into these savings if there's no financial buffer.
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