A Boring Dystopia

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Inflation is cooling, yet many Americans say they're living paycheck to paycheck (www.cbsnews.com)

submitted 6 months ago by return2ozma to c/aboringdystopia

23 comments fedilink hide all child comments

cross-posted from: https://lemmy.world/post/17601144

Even as inflation continues to cool into the second half of 2024, many Americans say they're still struggling to make ends meet.

Roughly one-third of U.S. workers say they're living paycheck to paycheck and have nearly no money for savings after paying their monthly bills, according to a survey from personal finance website Bankrate.

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[–] [email protected] 64 points 6 months ago (2 children)

Well, yeah. The rate of increases is slowing, but prices are still high. There isn’t, and won’t be, deflation, that’s a catastrophically bad long term economic effect (at least, according to economists)

[–] [email protected] 51 points 6 months ago (1 children)

Only within capitalism, where the myth of eternal growth is a central pillar.

[–] [email protected] 4 points 6 months ago

Yeah, and for stability under capitalism it is indeed a necessity rather than a myth. We really need to wean ourselves from this market mediation (even if it’s too late to save ourselves there’s honor in the attempt).

[–] Cornelius_Wangenheim 1 points 6 months ago

There actually was deflation last month. Only -0.1%, but it still counts.