America is Fucked

Out of context: Reply #2533

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    I’m honestly confused as to how most Americans are surviving this inflation. We’ve heard for 5 years that a 40% of Americans could not afford an unplanned $400 expense with cash or credit that they could pay off quickly.

    Personally, I’m part of what Fox News calls the liberal elite. We live in NYC, don’t own a car, WFH is readily available, and we have far more than $400 in an emergency fund. We have decent health insurance and are generally healthy. Our landlord is lovely and doesn’t raise the rent much.

    But many years ago I was a guy who relied on his car for work, lived paycheck to paycheck and was always in debt. I had no one to bail me out. I know what it’s like to struggle financially for years. To be underwater with no way to get your head above your debt.

    If I was living that life now? With gas and food skyrocketing? With rents going up 20 to 60%?

    I hear everyone complaining about inflation on social media, but my question is HOW are they paying for things? Where is the money coming from?

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    • More debt?

      Also EU inflation at over 8% now...
      Same situation.
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    • Is credit card debt endless for them? And you usually can’t pay rent or mortgage on your credit card.
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    • Isn’t a third of the country going to go bankrupt within 6 to 12 months?
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    • @Grafician, do they blame Biden for EU inflation too?CyBrainX
    • Blame on Putin, war, China, pandemic, local govs, Putin...
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    • Who'd have thought that printing shit tons of money in the pandemic would have an effect on inflation.Chimp
    • Household savings skyrocketed during the pandemic and still remain at some of the highest levels. That money is contributing to inflation as spending isn'tformed
    • going down. Until spending goes down, inflation will go up. So once those savings are depleted, we'll be in a real recession and inflation will taper off.formed
    • We have to pray it's a 'normal' recession and not a real 'crash'. Either way, everything is going further down.formed
    • https://www.youtube.…Chimp
    • Just read in WSJ that the savings will be depleted by September. Just a couple months.monospaced
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