The US economy is experiencing a "selective recession" where lower-income Americans are struggling due to rising costs and dwindling savings, while upper-income consumers remain unaffected. Inflation, although cooling down, has significantly impacted the purchasing power of lower and middle-income individuals. With the pandemic savings having been depleted for most Americans, recession fears are now growing as the job market weakens and interest rates remain high.

  • KurtVonnegut [comrade/them]
    ·
    7 months ago

    I was promised bugs to eat and a pod to live in, yet I have neither. This sucks. Promises not kept!

    • someone [comrade/them, they/them]
      ·
      7 months ago

      They'll offer a means-tested discount for a certain selection of bugs and pods, subject to clawbacks if the recipient is receiving other benefits or has savings more than $500.