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?
I personally live in survival mode.
I hope these people will stop believe narratives of oligarchs backend politicians and stop to blindly trust politicians. Israel annually receive at least 3.5 billion dollar of aid from the USA ever year, while millions of american doesnt have proper life standard and basic healthcare insurance.
While oligarchs and upper-classes get more rich, middle class is eliminating, but if you listen their narratives, they will say GDP and economy is growing. Yes, it grows but only for the oligarchs and rich class.