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60% is a majority, right? The article was working really hard to downplay it. “The bottom 60%” that’s more than half the country… social unrest will be the least of their worries
this post was submitted on 13 May 2025
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Also nothing new, they did a big news report in Reno like 20 years ago and cost of living was about double what the average income was for the city. You had a two income family or roommates, or live at home.
Credit is doing a lot of heavy lifting. If credit seizes up, then it all falls apart. That's why interest rates have been held low for so long.
People have bee saying this for a while now.... this isn't news anymore. Why is he still alive?
Check with the IRS! Someone call Bill Nye to confirm. How can this be true?! 😂😂
you all best buckle up, because it's gonna get a lot worse
To convince more people, it may help to have an analysis that doesn't include celebratory dinners, eating out, physical television, etc. The inclusion of those things are either a drop in the bucket or have good enough rationales, but too many Americans are too dumb to accept that.
If Americans stopped doing that the economy would crash, people would lose their jobs, and most people wouldn’t be able to afford to live.
So it’s the same thing in the end.
Which country has the highest millionaires in the world?
The U.S
IMO gini coefficient is more comprehensive. Some millionaires like doctors actually earned it. But you can't become a billionaire without being a parasite.
Looks like it's time to eat the rich.
They have too much power and resources now. We aren't going to get a better quality of life through peaceful means.
We need magats to get angry. They’re the reason why this shit show is still going on.
There's a relatively nonviolent solution America can do, but it would be complex to organize. Stop. Anyone that can stop working for even a day, or a week. Just pick a starting point and stop working, buying, consuming. They can't fire everyone.
I agree. Only 5% at most would follow through, and most of that 5% are non-vital employees, you don't even have a union culture to organise this, and the best the democrats have done is stay silent.
Again, I agree, this would work if we organise it.
I’d love to see it but I think they could outlast us and would love at the chance to buy up failing small businesses and property during that time.
But the whole point of that time is to actually change stuff, so they wouldn't make nearly as much profit, and maybe not even get to keep it.
It would be like buying a car that's cheap because it's on fire. They need us but we don't need them.
But you have millionaires who play kids games on tv and billionaire celebrities made famous by their looks or money, that go on to play government in real life in all your major political offices. Multi millionaire actors and starving paramedics. What an advanced society.
Y'all needed a study to find this out! Y'all could have just asked me and saved a whole bunch of time!
Studies like this are important so that politicians can't as easily dismiss it, at least in theory. In practice it's so that those doing the study can shout "Called it" when shit inevitably hits the fan. Still useful though.
They’ll dismiss it hardly now
Hunter Thompson wrote "Hell's Angels" in 1967.
There's a passage about the economics of being a biker/hippie/dropout.
In those days, a biker could work six months as a union stevedore and then hit the road for two years. A part time waitress could could support herself and a live-in boy freind
Then Nixon/Reagan came in to save us.
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