• Ashyr@sh.itjust.works
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    1 year ago

    Up until recently, most Americans benefited from a few government-supplied safety nets, most notably the large injection of stimulus money, which left many households sitting on a stockpile of cash that enabled some cardholders to keep their credit card balances in check.

    But that cash reserve is largely gone after consumers gradually spent down their excess savings from the Covid-19 pandemic years.

    It is absolutely insane to me that anyone thinks the stimulus money left households sitting on a stockpile of cash.

    As though millions of people on the edge of poverty sat like dragons upon a mountain of wealth.

    • Zink@programming.dev
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      1 year ago

      There are a lot of people conditioned to see the little guy getting money as some kind of affront to freedom. Most of them are the little guy as well, unfortunately.

      • CADmonkey@lemmy.world
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        1 year ago

        But but thats different, that guy down the street with two kids who wakes up at 6 and goes to work every day doesn’t deserve that money for reasons I can’t articulate without sounding racist, But I deserve my check.

        /s

        • lagomorphlecture@lemm.ee
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          1 year ago

          Listen, I’m a hard working American and I come from hard working Americans. We built this country and we’re just having a hard time for the last couple of months but we work hard. That guy up the street, he’s needed “help” for years. That isn’t help, that’s a handout. He’s not trying. I can’t see any systemic reasons that things might be more difficult for those people, they just aren’t working as hard as us. I mean sure he goes to work but where is he working? Why doesn’t he just get a better job like I did?

          /s although I’m sure someone has said those exact words and meant it seriously.

    • Sir_Kevin@lemmy.dbzer0.com
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      1 year ago

      Seriously, they don’t even have a grasp on how little that money was even worth. That shit evaporated the instant it arrived just to pay off some of the interest on existing debt.

      • WarmSoda@lemm.ee
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        1 year ago

        Exactly. That shit was a months rent. Anyone still talking about it is just stirring up bs

    • azn03@lemm.ee
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      1 year ago

      Lol. The PPP loans is where all the money disappeared to. Yes people got some money but it was spent for necessities, and to be honest it wasn’t even that much. Some business got hundreds of thousands to millions of dollars that the government is still trying to recover which they probably never will.

  • conditional_soup@lemm.ee
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    1 year ago

    What I really need right now is yet another article explaining to me how I’m actually better off now than I was a year or two ago, I’m just too stupid or whatever to realize it. Inflation was kicking our ass, and then we had two separate student loans kick in at once, on top of taking on a shitton of debt to take care of some of the broke boomers in our lives.

    • protist@mander.xyz
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      1 year ago

      on top of taking on a shitton of debt to take care of some of the broke boomers in our lives

      You might consider making some different choices

        • conditional_soup@lemm.ee
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          1 year ago

          Maybe they’re not the stereotypical rich fuckhead boomer and you should show a little compassion or class solidarity.

          • CADmonkey@lemmy.world
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            1 year ago

            Such hostility. You sound like a rich fuckhead who should work on some compassion or class solidarity.

            • conditional_soup@lemm.ee
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              1 year ago

              If you think it reads better with hostility, that’s your business. My suggested tone for reading it is concern. Unsurprised disappointment also works.

      • conditional_soup@lemm.ee
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        1 year ago

        Well, it’s that or let people who never shared in the spoils of that generation’s fabulous wealth go homeless, so, in a word: no.