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.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      5 months ago

      Amusingly, this is probably the most honest article I’ve seen in a while that actually acknowledges that people are struggling as opposed to just doing gaslighting saying how great the economy is.

    • Frank [he/him, he/him]@hexbear.net
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      5 months ago

      Don’t do shamans like this they’re legitimate religious figures (unironically though only from the region where there are actually shamans in siberia it’s not a universal concept)

      • peeonyou [he/him]@hexbear.net
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        5 months ago

        I know, I actually thought about that after the fact, but I couldn’t think of something else that fits and is understandable