The crowdfunding site said in its annual report that people increasingly sought help with “essential expenses” like housing costs as inflation continues to bedevil Americans.
  • Snot Flickerman@lemmy.blahaj.zoneEnglish
    311·
    8 days ago

    But according to Democrats, the economy was doing great… and it is… for the already wealthy. For everyone else it’s gotten kinda dicey.

    I think voters staying home probably had more to do with the party talking down to them about their own lived experience with the economy. People are hurting and sick of being told by the “good” party that they have to wait longer for their lives and problems to be taken seriously.

    It’s not a healthy response to it, but lots of response to mental abuse aren’t healthy, whaddayaknow. Because that’s what gaslighting people about the economy is, mental abuse.

    I know we make fun of Trump voters for giving a shit about the cost of eggs, but when it comes down to it, a lot of us are struggling in near abject poverty here and are busting our asses to make ends meet. That includes a lot of smart people who see that the solutions aren’t in Donald Trump’s unhinged rhetoric. However, they also see that the Democrats aren’t offering solutions as much as bandaids and aren’t going all out for us but starting from positions of compromise like writing a damn immigration bill giving the Republicans everything they’ve ever asked for in regards to the border. And then this useless shit about bald eagles. Are we really surprised that shit’s not inspiring people to vote for them?

    • metaStatic@kbin.earth
      201·
      8 days ago

      The Economy doesn’t account for distribution. Never has.

      Economies doing just fine, shut up and eat your dirt.

    • ExtremeDullard@lemmy.sdf.org
      43·
      8 days ago

      But according to Democrats, the economy was doing great…

      It’s going to decuple after His Orangeness puts his stupid tariffs in place. Then you’ll miss the dems.

  • ArbitraryValue@sh.itjust.worksEnglish
    11·
    8 days ago

    Why would this sort of fundraising quadruple from 2023 to 2024 when the big spike in prices due to inflation happened in 2001 and 2002? 2024 isn’t so dramatically worse than 2023 by any metric.

    The article does state that

    price growth actually spiked again in November, indicating that efforts to combat increasing day-to-day expenses for American households has stalled

    but this corresponds to things not getting better as opposed to things getting worse.

    I suspect that part of the explanation involves GoFundMe becoming more popular (maybe in general or maybe just with people fundraising for essentials) rather than any larger economic trend. The article doesn’t include enough information to know.

    • sp3ctr4l@lemmy.zipEnglish
      5·
      8 days ago

      Absurd levels of wealth disparity, beyond anything in recorded human history, breaking society and making a whole bunch of generally useful metrics now basically meaningless.

      Consumer debt levels skyrocketing.

      Housing/Rental prices still rising.

      Average college costs / debt still rising.

      Job growth isn’t keeping up with population growth.

      (Even after recovering from Covid, the Employment to Population ratio is still lower than what it was from 04 to 08. Its only 1% higher right now than it was at its lowest from the 08 crash, and its been headed downward since 23.)

      Trying to get a decent job without nepotism/networking is 5x harder than working a decent job due to completely insane requirements and ghost jobs… and nepotism.

      And real median income is basically flat since 2020, not rising by much at all.

      …

      Your headline econ inflation stat does a neat job of not really reflecting the reality of what a common person’s budget looks like.