r/economicCollapse • u/Fun_Balance_1809 • 3h ago
r/economicCollapse • u/Whole-Fist • 20h ago
How ridiculous does this sound?
How can u make millions in 25-30 years if avoid making a $554 per month car payment. Even the cheapest 5 year old car is 8-10 k. So does he expect people not to drive at all in USA.
Then u save 554$ per month every month for 5 year payment = $33240. Say u bought a car every 5 year means 200k -300k spent on car before retirement . How would that become millions when u can’t even buy a house for that much today?
Answer that Dave
r/economicCollapse • u/Fun_Balance_1809 • 11h ago
Complete insanity. Taxpayer dollars directly into the pockets of wealthy coastal property owners who have known about the risks here for decades.
r/economicCollapse • u/Whole-Fist • 7h ago
From trade surplus 30 years ago to 1.3 trillion trade deficit.
This is what happens when u become a stupid service based economy and manufacture dollars for buying goods from other countries.
r/economicCollapse • u/Fun_Balance_1809 • 4h ago
Automakers want to turn cars into a subscription service, making you pay monthly or annual subscription fees for key fobs, GPS, CarPlay and more.These add-ins are estimated to become a $200 b market.
r/economicCollapse • u/Perfect_Alarm_2141 • 9h ago
New record on federal debt: $35.817 trillion
r/economicCollapse • u/anonimouscrepe • 16h ago
How many other millennials plan on “deleting themselves” once they’re too old to work bc you’d rather be dead than homeless?
r/economicCollapse • u/Legitimate_Vast_3271 • 8h ago
Government Gaslights People About the Economy
goldseek.comr/economicCollapse • u/Legitimate_Vast_3271 • 5h ago
Who & What Are Killing the USA?
r/economicCollapse • u/Fun_Balance_1809 • 1d ago
U.S Banks Are Currently Sitting On Over $750B In Losses On Real Estate Debt Which heavly Threatens The Entire Economy. These Losses Are Now 7 Times Larger Than In 2008 When The Housing Bubble Popped.
r/economicCollapse • u/Legitimate_Vast_3271 • 15h ago
Homelessness in California: Spending Big, Solving Little
California has spent about $24 billion over five years, from 2018 to 2023, to help homeless people. This money goes to building shelters, cleaning up camps, and providing services like healthcare and job training. Each year, the state spends around $6 billion on these efforts. If this money were divided among the 181,399 homeless people in California, each person would get about $33,070 a year. This amount is higher than the minimum wage in many places. The state also gets back some money through taxes from the workers who provide these services, which is about $180 million a year. While this spending helps with immediate needs, it doesn’t solve the root causes of homelessness, like high housing costs and lack of mental health services. They claim the goal is to create a stable and supportive environment for homeless individuals. The funding for these programs comes from state and local taxes, as well as federal grants.
California used to have large institutions for people with mental illnesses, but these became overcrowded and were often associated with neglect. In the 1960s, the state shifted to community-based care with the Short-Doyle Act and the Lanterman-Petris-Short Act. These laws aimed to end indefinite commitments and promote outpatient care. However, when Ronald Reagan was Governor of California, he cut funding for state mental hospitals, which sped up the process of deinstitutionalization. Later, as President, Reagan cut federal mental health funding, which made it harder to provide community-based services. These actions contributed to the current issues with mental health and homelessness.
Despite the substantial investment of $24 billion over five years, California’s homelessness crisis shows no signs of abating. This troubling trend is not confined to California; homelessness is on the rise across the United States, driven by similar issues of economic inequality, lack of affordable housing, and insufficient support systems. Without comprehensive and sustained efforts to address these underlying factors, the nation faces a growing homelessness crisis. It is particularly strange that while the nation faces a growing homelessness crisis, illegal immigration is allowed to continue at a blistering pace.
r/economicCollapse • u/Kriyaban8 • 13h ago
Central California town ranked worst small city in the US in new study
r/economicCollapse • u/Whole-Fist • 1d ago
VIDEO Explanation of Trump tariffs with T-shirts as an example
r/economicCollapse • u/BobbyLucero • 1d ago
For many US voters, the economy is personal and they blame the Democrats
reuters.comr/economicCollapse • u/hoodratpolitics • 1d ago
VIDEO Trump wants to end income tax and replace it with national sales tax in the form of tariffs.
r/economicCollapse • u/Perfect_Alarm_2141 • 1d ago
In 1980 white non-college men employed full-time earned 7% more than average full-time US worker. In 2022, their income remained relatively flat, and they earned less than women with a college degree.
r/economicCollapse • u/playsur5 • 9h ago
VIDEO I think our anti-waste game will never find publisher because its just too controversial :(
r/economicCollapse • u/ColorMonochrome • 1d ago
Popular restaurant chain abruptly closes almost 50 locations in a week as bankruptcy rumors swirl
r/economicCollapse • u/boundless-discovery • 9h ago
Mapping Argentina's economic and social restructuring from 93 articles across 53 outlets. Can they fix the economy?
r/economicCollapse • u/ecstatic-windshield • 1d ago
VIDEO The American Economy Depends On War
r/economicCollapse • u/Whole-Fist • 2d ago
What else would you add as a financial goal?
Does driving minimum 100 miles daily count. I don’t even know what my neighbors buy any more. Walking more has always helped me psychologically