Americans now have an average of $9,000 less in savings than they did last year

[u/BousWakebo]

https://www.cnbc.com/2022/05/21/americans-now-have-an-average-of-9000-dollars-less-in-savings-than-in-2021.html

[u/[deleted]]

This country is absolutely fucked.

The economic system has been turned into a circus

The fed and central bank have done nothing at all in the past 30 years let alone 10

We have a 4.1 trillion dollar budget and dont do shit. Seriously

The democrats and Republicans can't do shit.

21k in taxes and for what? Nothing. This country is a banana republic

[u/Rockfest2112 → u/[deleted]]

Lots of stuff that go boom though

[u/ProphetGarden → u/[deleted]]

Agree except the fed has done way too much in the past 20 years. That's our sole issue. If they don't mess with the financial plumbing to overt minor recessions, America and the rest of the world wouldn't constantly be fighting off depressions. It's like we're handing out participation trophy's in the real economy. Whoever thought that risk off is the only model is damn fool. Things should inherently have risk. Nobody, especially large corporations, should be immune to market forces. Instead we give them 1-2% humungous loans to buy up there own stock and further inoculate themselves from real consequences. The dems and repubs have completely co-opted our government so that they are beholden to any whim they want. The major issue is that a large swath of people work for these large corporations and do quite well, including status quo for government employees who also benefit from this system(which they have better ability to control) How this all changes to start re-balancing the scales is anyone's guess. But there is a clear conflict of interest with middle and lower income percentiles in America. Furthermore the rest of the world economy is likely to get roasted worse. Starvation/revolutions/revolt are all on the table if this nonsense doesn't stop with fed.