A Boring Dystopia

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Poll: More than 60% of middle class say they’re ‘struggling financially’ and are not expecting things to turn around for the rest of their lives (www.thehill.com)

submitted 5 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] ASaltPepper@lemmy.one 50 points 5 months ago (2 children)

The economy is booming, and yet many Americans are still gasping for air financially. They simply don’t have the breathing room to plan beyond their present needs

I have a feeling that the economic news is maybe put of touch with what people are actually dealing with.

At least if you're told it's not doing well you can see space for improvement. But if it's sold as doing well and you're not then you get...well this.

[–] Hildegarde@lemmy.world 63 points 5 months ago (3 children)

If the economy is booming and the median american is struggling, your metrics for analyzing the economy are faulty.

[–] ArbiterXero@lemmy.world 24 points 5 months ago (1 children)

100%

We’re measuring our economy by how much can be siphoned off by investors.

That’s a really shitty measure.

I mean at this rate, why don’t we measure it by how many oranges the average citizen can squeeze up their ass?

[–] NovaPrime@lemmy.ml 7 points 5 months ago (1 children)

[–] Dhar@lemmy.ca 2 points 5 months ago

They said "average", overachiever

[–] freshcow@lemmy.world 14 points 5 months ago

Couldn't agree more. "Economy" is just code for rich people's stocks at this point.

[–] gravitas_deficiency@sh.itjust.works 3 points 5 months ago

It’s just Goodhart’s Law:

When a measure becomes a target, it ceases to be a good measure.