A Boring Dystopia

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Even households earning $150,000 a year are struggling with credit card and car payments (www.cbsnews.com)

submitted 3 days ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] pdxfed@lemmy.world 21 points 3 days ago* (last edited 3 days ago)

college debt
car debt (public transit has been actively dismantled by oil and car lobby in past 100 years) forcing most people to have to go into hock for a car.
medical debt because think of the profits
educational debt - public education that could lead to a populace making better decisions about finance has been deliberately and now almost completely destroyed. We're going to put crosses in schools but definitely remove math requirements for HS diplomas.
predatory, colluding landlord practices combined with corporate funds now accounting for 30+% of all residential real estate purchases. Accelerates affordability crisis and related issues

That's just the starter pack for the US.

Congrats on living in what is likely a low COL area, but many are concentrated in HCOL areas in the US and elsewhere. Look at Vancouver BC and Toronto, same deal in Canada. US has that as well combined with above.