Paywall removed: archive.is/SLMtR
the depletion of savings built up during the pandemic
Built up savings? Is this a thing?
Dollar General warns poorer US consumers are running out of money
Submitted 2 months ago by return2ozma@lemmy.world to aboringdystopia@lemmy.world
https://www.ft.com/content/d1d2a161-124c-4f9c-b23f-afa55e755d07
Comments
rothaine@lemm.ee 2 months ago
Fuckfuckmyfuckingass@lemmy.world 2 months ago
Don’t you remember? They gave us all like $2500 or something one time. That’s enough to live on for at least a decade for the poors.
Krauerking@lemy.lol 2 months ago
I got “unemployed” during Covid and saw everyone bragging about how awesome it was that the federal government was providing extra money and it was like working a good job…
My state let me know they had run out of unemployment insurance several decades ago and I would get just the federal money, reduced down to the state amount, minus the state and federal tax from each check.
Yeah I got so fucked over it’s still a shock that people say they legitimately came out better with more money.
AlecSadler@sh.itjust.works 2 months ago
No and most didn’t build up savings during the pandemic…we all went into debt or spent savings just to scrape by.
SARGE@startrek.website 2 months ago
Yeah, the pandemic was definitely not a “savings time” for me or anyone I know…
SoJB@lemmy.ml 2 months ago
Much like 2008, the pandemic never actually ended. When schools reopened, every classroom in the nation was full of children on their 4th, 5th, 6th infection in a month. Thousands of people still drop dead from it every month and the US is, to this day, still experiencing 30% more per capita deaths than pre-pandemic.
Long COVID is proven to cause permanent organ damage, including brain function. We won’t know what it does to child development until decades from now but it’s already proven to increase risk-taking and reduced higher level function in adults.
The accumulation of capital continues.
Snapz@lemmy.world 2 months ago
No Jim… I believe that’s bullshit.
captainlezbian@lemmy.world 2 months ago
I did but that’s because I’d already been saving aggressively, had just lost my job, and the little entertainment budget I had left was no longer able to be used, then suddenly my unemployment benefits went up and I got stimulus money. It turned a guaranteed financial disaster into a little extra time.
psvrh@lemmy.ca 2 months ago
A lot of people used pandemic relief funds to invest, notably in real estate. As the market returns to reality, those people are finding they’re massively overextended.
GrayBackgroundMusic@lemm.ee 2 months ago
A lot of people used pandemic relief funds to invest, notably in real estate.
$1400 to invest in real estate?!
rothaine@lemm.ee 2 months ago
People making less than $35k a year were doing this?
EldritchFeminity@lemmy.blahaj.zone 2 months ago
I’m sure Dollar General’s predatory pricing and aggressive business tactics to kill off local competition have nothing to do with it, too.
Boozilla@lemmy.world 2 months ago
I worry this sort of news could push voters towards Republicans. The Republicans will make things much worse for low-income and middle class voters, of course. But for some reason, a lot of Americans buy into the ancient lie that Republican policies are “good for jobs and the economy”.
whostosay@lemmy.world 2 months ago
its because they think the president just flips a magic switch right when they hit office. They don’t realize policy takes time and rebups continuously sabotage shit on their way out of office.
expatriado@lemmy.world 2 months ago
i thought the president had a gas price knob on their desk
shalafi@lemmy.world 2 months ago
Trump’s Republican Congress set lowered taxes to expire for the next, presumptive Democrat, administration.
“My taxes went up under Biden!” Yes, they did.
HeyJoe@lemmy.world 2 months ago
That’s me this month… officially running out of money and all avenues of emergency funds. I realized it yesterday and still processing what my next move is to survive. Both my wife and myself have decent jobs but just can’t make ends meet anymore. Final nail is kids daycare expenses. man, do I seriously wish this was over with and we would be ok… idk how people do this.
Sanctus@lemmy.world 2 months ago
They dont. They go without or are of the blessed caste that is not suffering.
circuitfarmer@lemmy.sdf.org 2 months ago
Here’s the real kicker: so are less poorer US consumers.
technocrit@lemmy.dbzer0.com 2 months ago
Now imagine people outside the imperial core…
Rivalarrival@lemmy.today 2 months ago
Brb, restocking guillotines in my Etsy store.
Batmaniac@lemmy.world 2 months ago
PW;DR.
PP_BOY_@lemmy.world 2 months ago
Dollar General is cancer. Their prices are no better than somewhere like Walmart, the only “good” thing is the convenience, I feel like I can’t drive ten minutes without passing one
GrayBackgroundMusic@lemm.ee 2 months ago
And their products are smaller. There are Dollar General sized versions.
billbasher@lemmy.world 2 months ago
I remember when you could get a 3L soda for a dollar… Not anymore
shalafi@lemmy.world 2 months ago
Don’t live in the country, huh? Sometimes they’re the only general stores for miles and miles and miles. They’re a great fit, in that niche.
My camp is outside a town of 900 souls. There’s a Dollar General and a gas-station/general-store/grocery. Almost never hit the DG, but it’s damned nice they’re there in case I need something the other place doesn’t have.
In your example, my situation, the nearest Walmarts are 45-minutes west and 30-minutes east. Do you really want to take my DG away and force me to spend the gas and time? If you proposed that in this town, you’d have a riot on your hands.
ggppjj@lemmy.world 2 months ago
I’d prefer an independently owned small store, as someone who installs cash register systems for independently owned stores primarily in rural West Virginia.