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

submitted 11 months ago by return2ozma@lemmy.world to c/personalfinance@lemmy.ml

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[–] BrandonMatrick@lemmy.world 10 points 11 months ago* (last edited 11 months 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?!"