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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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[–] 29 points 1 week ago (1 child)

Scotland. Fucked. The terrifying thing I realised recently is how I can see the sharp decline in living standards pre-and-post covid. If we dont get a grip of it we're backsliding toward Dickensian levels of poverty and deprivation.

Other thing I noticed recently - how most of our short-term problems can be linked to that cunt Trump. Iran war, tariffs, Ukraine etc. I say this to highlight to the Americans in the room that your political choices have implications far beyond your own borders. Theres fuck all I can do about him, but plenty you can do.

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  • [–] 3 points 1 week ago

    Hey the American progressives are trying but we're not even our own party because of our two party system. Not to be a dick but I think other countries hold more power than Americans at keeping a senile dementia riddled Cheeto fuck in check. His congress and court aren't.

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