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I think that this may be a case where it will take at least generation to really sink in. A lot of the poor are now on borrowed time. If the debt levels for t
by seestheday 13y ago
I think that this may be a case where it will take at least generation to really sink in. A lot of the poor are now on borrowed time. If the debt levels for the poor stay consistent, then when they retire they'll have nothing, or worse - be deep in debt but unable to work and make payments. They will need to rely on kids to take care of them, when they are likely not going to be in a great position to do it.
In the US there is still hope for a poor kid to learn some skills (e.g. how to code) and do alright.
If the balance tips, and the average poor hardworking kid has no hope of working his way out of poverty because of crushing poverty or obligations we're likely to see a revolution.