This is exactly what mega-corporations want. If we save money, they don't get it.

I'm saving up for the American Dream 2.0™️: Moving to another country

“Consumers demoralized by capitalism…” …paywall…

Every time I read the phrase 'the American Dream' I think of the part of Fear and Loathing in Las Vegas when, after spending the whole novel trying to find the American Dream, they're given directions, only to find the remains of a burnt-down nightclub, "a huge slab of cracked, scorched concrete in a vacant lot full of tall weeds."

If the American Dream were realistic, we wouldn't be calling it a dream...

"Everything is very expensive, and people can't save money"

FTFY

This is true, I asked a new-ish employee about getting/saving for a house and she was like, "why bother? They cost to much."

I love how Fortune always deflects from the actual issue: wages aren't matching prices, which means the average American is getting screwed by company owners and wealthy investors, at work, at the bank, at university.

It's not about interest rates or inflation, although those are both relevant. If inflation were evenly balanced, it wouldn't hurt most people, right? That is definitional. And high interest rates block house purchases, but in theory they also benefit house owners who have fixed interest rates. So again, if people were able to afford houses in the yhr past few decades, this wouldn't be such a big issue.

The headline reads like big retail trying to squeeze more profits. Of course people aren't saving as much, they have to buy groceries.

Oh. Oh shit it hurts that reading this made me self-aware of this behavior. It’s one thing to be in this mindset and not be aware of it and it’s another to have it written out in front of you. 🤢

Economists: “WONTFIX: Working as designed.”

🙋‍♂️ That'd be me. Keep moving the goalposts society. I'm over it. I'll wait for my mom to die to get her house. Idgaf anymore. Don't need a house.

Lots of news articles this week using a lot of words to say "Americans don't have savings"

Well, you gotta be asleep to believe the American Dream, so maybe this means a lot of people are waking up.

By brother in Satan, high inflation makes you spend money now. It's either that or going to hell.

Im saying that this bs is out of some relative comparison of how much generations are saving/investing. Everyone tried saving. But with low relative wages ofc ppl wont save as much as eg boomers - they didn't give up vacations or buying whatevers, but still saved money. Younger gens are just left with no money after that.

And also falling relative wages (inflation) makes you buy things asap to actually save money.

This is literally a tool tip in the fascist parody helldivers 2.

I've gone the other way with this. I've significantly cut my spending down in the last couple years. No more eating out, no vacations, grow my own food, don't eat meat, no ac and minimal heating to only to keep pipes from freezing. Even with all that and more I'm spending as much as I did a few years ago but a much more restricted lifestyle. Be cool if my pay rate kept up with this inflation but my union agreed to a shit contract just before all this started.

Organize a mass, simultaneous bankruptcy filing nationwide. Overwhelm the system with claims, and all debt collection ceases the moment you file for bankruptcy while the claims are being processed.

We have been very lucky and fortunate to acquire the American dream. My wife and I wouldn't have been able to do it without the help of her family though. Every time I look at the housing market it's only gotten crazier.

Paywall removed https://archive.is/IyuC2

truth, I feel pressure to buy the things I want because I have no faith I will be able to afford them later. I figure, get it now while I can so that when I can't, I'll have it.