The US economy is in a ‘selective recession’ as lower-income consumers can’t cover the cost of living, JPMorgan says
https://www.businessinsider.com/recession-outlook-economy-hard-landing-jpmorgan-forecast-low-income-wealth-2024-5
by Scarlet-Ivy
The US economy is in a ‘selective recession’ as lower-income consumers can’t cover the cost of living, JPMorgan says
https://www.businessinsider.com/recession-outlook-economy-hard-landing-jpmorgan-forecast-low-income-wealth-2024-5
by Scarlet-Ivy
3 comments
“selective recession” Well, it’s definitely selective wording. I guess it’s more comfortable than saying “class warfare”.
Translation: inflation impacts poor and middle class more than upper. But, that’s not a recession.
this is the result of rich people systematically stealing everything from poor people over time