Personal Finance

3829 readers

3 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 2 years ago

MODERATORS

[email protected]

Americans are 'doom spending' — here's why that's a problem (www.cnbc.com)

submitted 1 year ago by return2ozma to c/[email protected]

8 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] BrandonMatrick 11 points 1 year ago* (last edited 1 year ago)

Struggling population: Gets financially stomped by actions of the money class, low/negative savings returns vs. inflation, 418% inflated food prices, 1000% increase on housing, a 30% pay cut, and a 200% increase on basic goods.

The money class: "Why aren't they giving all their extra money to our banks for us to earn interest revenue in exchange for nothing? Why are they buying food and things for themselves to survive instead of giving it all to us?! What do you mean I only earned $19,000 while golfing yesterday?! I earned $20,005 the day before!! Fucking millennials!!! We handed you guys 3 small checks 4 years ago, what do you mean you need more money to survive?!"