66 points

Rising rents coupled with high borrowing costs and low wage growth have hit some especially hard. “Lower income households are not keeping up,” Goldman said. “Everything looks great but when you look beneath the surface, the disparity between the wealthy and nonwealthy is widening dramatically.”

Everything is great, you’re just poor. Have you tried not being poor?

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It’s only a recession if I can’t take my little yacht trips anymore.

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33 points

“It only looks bad if you look closely so y’know, try to avoid that.”

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9 points

https://youtu.be/I6vjaimSK4E

Have you ever thought if you worked a little harder you wouldn’t be so damn poor? Checkmate tankie.

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5 points

Subscribed

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3 points

I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:

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53 points
*

People assume that when they make the same amount of money as they used to but they can’t afford groceries or rent or any form of entertainment that’s a recession but if you look at this graph they’re fucking idiots because actually we made up a new name for when that happens.

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48 points

there’s basically no evidence of inflation once you exclude anything required to live or anything that shows evidence of inflation from the national inflation metrics

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23 points

The inflation is only 2% narrative is so frustrating. It’s not like previous years’ price hikes went away.

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“Rejecc the everdance of your eyes and ears!”

  • Some say we’re in a “vibecession.”

nobody is saying that jessica

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22 points

We’re in a “vibecession,” Joyce Chang, JPMorgan’s chair of global research, said at the CNBC Financial Advisor Summit in May.

Apparently somebody is saying that. From JPMorgan. Do with that what you will.

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Joyce Chang, JPMorgan’s chair of global research

Obviously not the chair of marketing lol.

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8 points

The same somebody who told us they wanted interest rates to rise to prevent wage increases and to encourage the poor to spend their Covid ‘savings’.

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People are wrong. A recession is when . Is the public stupid?

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GenZedong

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