Many respondents believe the US economy is already in dire straits, the poll found
More than four in 10 Americans believe the country is heading toward a complete economic meltdown within the next decade, according to a new poll.
The survey, released by YouGov on Wednesday, shows Americans are more worried about the economy than potential threats to the democratic system or the prospect of civil war.
42% of respondents said it is very or somewhat likely that there will be “a total economic collapse” in the next 10 years, while a smaller share, 38%, described this outcome as unlikely.
Financial anxiety ran much higher among Democrats, 53% of whom feared an economic breakdown, compared with just 28% of Republicans.
🤞
Many respondents believe the US economy is already in dire straits, the poll found
and here was me briefly thinking they were reforming :)
an old Kenny Evertt joke, when he introduced them on his show, “many people say the country is in Dire Straits but today, Dire Straits are in the country”. The first time I heard Roller Girl.
and a “Lemmy” side note, first time I saw/heard Motherhead was when they did Ace of Spades on his show
Republicans have no idea how the system works (worked). Of course they don’t realize what we’re doing will cause collapse.
Fear is a strong word for it though. I feared it for the last 6 or 7 years. Now I know it’s the only way. The only way out is through it. If any amount of suffering enables us to quit bombing small children, then bring it.
Am I worried about me and my children surviving? Yes, but I’m worried the rich will eat us either way. I hope we do it smart, and organize, and move en masse while the oligarchs are weakened.
Years? Try months. Second year of his first term was when the economy first stumbled.
It’s weird that Republicans aren’t more fearful given that farmers got crushed last year, and fertilizer prices are skyrocketing this year. Both due to the pedophile.
As a farmer who warned my friends and neighbors about this fact during and after the election, the déjà vu of all of this is absolutely not worth the wait. We’ve literally been here before. And it was bad bad.
I’ve never wanted to say “I fucking told you so”
I still don’t.
But here we are. And they still somehow have no idea. Its fucking wild.
The worst part is knowing and being powerless despite it all. The most frustrating ones are the people that see the signs and are preparing. Hell they will probably survive it too. Lick their wounds and trudge on again. But they never once hit the point where they realize their actions are the reason this is happening.
I’m hitting the point where I don’t dread the collapse anymore. In the most nhiallistic of senses, Im starting welcome it. And I’m so damn disappointed that it’s gotten to this point.
Ten years? Lol
Edit: My cake day? Lol
Lol maybe theyre not caught up on current events? Like, at all?
I dont fear. I welcome. And really its my main financial benefit.
As do many who come from nothing or have nothing.
I’m thankful as a Canadian I came from meagre beginnings and my dad was a post-war baby in bombed our London. I have first hand experience in knowing what nothing is.
Let it burn.
Most likely outcome of Iran war, whether or not victory declared, is that GCC will move towards Iran/China orbit and oil trade in BRICS currencies, with defense from Israel as common defensive alliance. https://lemmy.ca/post/62097698
Either the $200B giveaway to military and “allies” bankrupts the US, or losing middle east hegemony does, along with the massive GCC financialization support of US economy. All US allies except Canada rely on gulf more than the US, and US’s Israel only protection focus, means “US friendship” is a liability if not worthless.
Like b43’s GFC, Trump’s covid response disaster (including intentional policy to make covid worse in blue cities), Republicans destroy economy every time. There is a limited capacity, or number of times, to bail out the system and maintain credibility.
I would pick under 10 years, even though the US is very good at extending collapse. The end will be visible soon, even though the GFC created a “premature batch” of doomers. There’s simply no more budget capacity, or pretense of empire strength, that can be credible. Thank Epstein.
$200B is nothing, because with the petrodollar they can just print more. But losing the petrodollar would collapse the US so fucking fast. Petrodollar means sustainable trade deficit, it means they can export all of their crises and let the manufacturer countries (Europe, Japan, China) eat the inflation as they print money. No petrodollar means rapid collapse.
There are already talks about moving away from the Petrodollar. It’s only a matter of time. The world is tired to getting taxed by the US though money printing.
That is way too optimistic
My 401k has lost 7% since the war. Trump has ruined all of our savings and investments. I also have to cancel all my trips cause gas is too expensive.
Yea my retirement account has lost however much. And every single morning I still wake up and will the market to drop like lead.
Unfortunately, it’s being manipulated from the top at this point, and it won’t drop until they’ve all safeguarded their money.
Have the day 70million wankees voted for.
people be like “we don’t hate republicans; we just hate their policies” and i’m like nah fuck that if every elected republican politician died i’d be celebrating.
I mean that still kinda counts, like i haye amazon and its leadership but i dont hate amazon employees/labor
Is that how Weeks is spelled now?
I mean, it keeps happening.
And we have to keep watching Boomers live their best lives while knowing we won’t have what they have.
So yeah, the pessimism is warranted.
They have what they have because they produced the best products in the world, and were more than 50% of the worlds GDP. They then offshored all the jobs overseas and the country is living on borrowed money. We are only 24% of the worlds GDP now, so even if we had zero debt, we would have half the life boomers did. The only way we will have their life is convincing the world to lend us money and passing off the debt to the next generation.
Hopefully sooner.
I don’t think you know what you’re hoping for.
Does the prospect of societal breakdown, warlordism, loose nukes, and mass starvation really sound nice to you?
That sounds pretty good, actually. You got an ETA?
Well, if it’s inevitable then yeah probably better to get it over with asap, like yeah ideally trump gets a heart attack and we prosecute all the child rapists in Washington and restore the global order and resume the march of progress in solidarity. But idk i think trump dies and they just keep going with this reactionary bs until we get WW3 and US has to surrender to the allies.
Better for that to happen via economic crisis now than full blown military ww3 crisis in a couple years.
Don’t care as long as the US falls apart like the USSR did in 1991. It doesn’t deserve to exist in its present form.
Who gets the nukes?
Same as what happened when the USSR collapsed. The nukes ended up in what is now Belarus, Kazakhstan, Ukraine and Russia. Ukraine gave theirs up, they regret that now.
Those fucking Magas can have their very own landlocked country. And do whatever TF they want in it. They can have their white straight Christian nationalist gilead. They just won’t be able to be the world police, kidnap heads of state, constantly punch down by embargoing struggling Latin American countries, start world wars or tank the world economy on the whims of an 80 year old demented reality show host anymore. The US needs to break apart and the sooner that happens - the better.
I think the concept is that nothing is a strong enough catalyst for change. The overton window is slid so far right now, you either support all the billionaires or most of the billionaires. If it all implodes, the idea is that people will mobilize and we’ll be executing them in the streets.
I don’t know that it will be enough even at that, but we’re ceraintly not going anywhere sane as it sits now.
But most of American billionaires wealth is in stock evaluations. If the economy collapses billionaire will have nothing of value to extract from.
except for mansions, and yachts, and gold, and silver, assets in companies, IP, Paintings, and cars and jets and …
which would do nothing for the average american after the revolution.
Don’t we always fear this and rightfully so because every 10 years we have an economic meltdown now?
MIT stats says it’s less than 10 years. Expects world wide full breakdowns by 2030 due to climate change. You thought the holocaust was bad.
Climate change won’t be the cause, it’s the debt we have been building up for the last 2 decades.
