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How’s the economy where you are? (ani.social)
submitted 1 week ago by to c/asklemmy@lemmy.world
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After reading this news story that half of Americans are skipping meals because of affordability and a bad economy, I have to ask how are you all doing out there?

I heard from a real estate agent friend of mine that REOs, i.e. bank foreclosures on home mortgages, are going up like crazy, which is a sign of bad times, like the recession of 2007-08.

I have heard from others about rents not being paid, lack of jobs, etc.

Every day, there’s more news of corporate layoffs, moreso than usual.

I live in the economic bubble of the SF Bay Area, where tech wealth more-or-less insulates me and mine from the most serious consequences of a bad economy, but how are things elsewhere?

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[–] 21 points 1 week ago (1 child)

U.S. There’s no jobs. I’m willing to bet it’s 95% ghost listings that keep getting reposted until covid loans get waived.

My spouse’s health insurance plan is actually pretty good with coverage and relatively lower in cost, but it’s still way too expensive and gets more expensive and worse every year. If it wasn’t for the (decreasingly) decent coverage, we’d be rationing meds and care, let alone meals.

But yeah, every single paycheck completely evaporates. There’s nothing left to cut back on. There’s nothing left to save. It’s a fucking delight.

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  • [–] 8 points 1 week ago

    I’m willing to bet it’s 95% ghost listings that keep getting reposted until covid loans get waived.

    Either that or just straight-up data farming. How do you collect the identities of thousands of IT workers? Put up a bogus remote job listing for a too-good-to-be-true IT position on Indeed and let them send it to you voluntarily.

    Subsequent marketing calls and scam emails unrelated.

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