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 [email protected] to c/[email protected]

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[–] [email protected] 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.

[–] [email protected] 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.

[–] [email protected] 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?

[–] [email protected] 7 points 5 months ago (1 children)

[–] [email protected] 2 points 5 months ago

They said "average", overachiever

[–] [email protected] 14 points 5 months ago

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

[–] gravitas_deficiency 3 points 5 months ago

It’s just Goodhart’s Law:

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