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That's because of the way you personally perceive it, while I'm looking at the holistic scenario under which they're living. The economy is fucked. Its working
by cbozeman 6y ago
That's because of the way you personally perceive it, while I'm looking at the holistic scenario under which they're living.
The economy is fucked. Its working because its artificially propped up by the Fed and the European Central Bank, to a lesser degree. People know this because the stock market continues to perform well, but individuals are mostly static. Social mobility in the United States is at all-time low and this is well-reported.
Student loan debt has ballooned 2000% over the past 50 years.
Housing prices, be it to buy or rent, have ballooned by 200% in the past 50 years.
Climate change is a serious concern, and absolutely no one can say with any degree of scientific certainty what the long-term (100-300 year range) effects will be.
Now I told you all that... to tell you this.
They're being robbed of hope. People can endure through hardships unimaginable... as long as they have hope. When you take away someone's hope, you take away their life.