🌎 Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues IV

[blueharvest]

And here's the article without a paywall:

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archive.ph

 

[blueharvest]

 

[Herofan]

A lot of people complain about a lot of people falsely claiming they're middle class, does it actually make sense to say that the middle class is the largest American economic class?

That the bottom 20-25% are poor, the next 50-60% middle class and the top 20-25% rich?

Or especially that the bottom 20% are poor, the next 20% lower middle class, the next 20% middle class/middle middle class, the next 20% upper middle class and the next 20% rich?

And if the middle class is so large and varied it's not really surprising that there are a lot of appeals to them but pretty little actual common interests or solidarity within them.

 

[blueharvest]

 

[blueharvest]

 

[blueharvest]

 

[squeekness]

 

[blueharvest]

https://www.cnbc.com/2025/06/26/how-the-stock-market-made-it-back-to-a-new-record-even-with-so-much-still-to-worry-about.html

 

[squeekness]

 

[blueharvest]

 

[squeekness]

I'm sure tariffs had nothing to do with that.......

 

[squeekness]

 

[squeekness]

 

[Herofan]

The options do seem to be either steady growth focused at the top, increasing everyone's position but also the amount of inequality, or a lot of uncertainty and shaky, overall less growth for everyone (though those at the top still do best, are hurt least, some others may do unusually better as well).

 

[squeekness]

 

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[blueharvest]

 

[MagnarTheGreat]

The Dollar Has Its Worst Start to a Year Since 1973​

It has continued to slide even as President Trump has backed down from his tariff threats and the U.S. stock market has recovered from its losses.

https://www.nytimes.com/2025/06/30/business/dollar-decline-trump.html

 

[blueharvest]

 

[blueharvest]

 

[blueharvest]

 

[blueharvest]

 

[blueharvest]

 

[squeekness]

Trump doesn't live in the real world.

 

[MagnarTheGreat]

Younger Americans Have Spent 25% Less On Video Games This Year Than Last - IGN

Younger Americans are spending 25% less on video games today than this time last year, according to a new report.

www.ign.com