I have an Econ degree so my sense of (extremely dark) humor at this point is basically:
‘billions must die, but actually’
Like I don’t know what to do at the cuts to SNAP, Medicare, and Section 8, the resumption of student loan payments, the tariffs and destruction of our farming and construction industries via ICE raids… other than just laugh.
We’re looking at Great Depression 2.0, a Holodomor-like, engineered-through-stupidity-and-malice famine.
I am at this point expecting millions, potentially tens of millions of Americans to die or be reduced to literal, actual debt slaves, or be incarcerated for crimes deriving from being forced into utter destitution… all that within this 4 year Trump term, unless there is an actual revolution.
Maybe if the Dems sweep the midterms, some of the bleeding can be stopped, but this situation is looking extremely fucking bad.
ileftreddit@piefed.social 13 hours ago
About half of Americans are literally debt slaves already
sp3ctr4l@lemmy.dbzer0.com 2 hours ago
I know that as of 2024, its about 10 to 15% of Americans with a negative net worth.
More debt than savings/investments.
So… thats your floor for literal debt slaves.
But uh, hah hah HAH,… the housing market is now crashing.
And the vast majority of Americans have a their house as their largest… investment/debt liability.
So… yeah. Probably gonna be heading closer to 50%.
Oh right, and then also every one behind on their student loans is now getting sent to collections, grace period over…
Yeah its all fucked, so fucked I don’t even think anyone has a holistic view of all the precise data, at this point.