this post was submitted on 26 Jan 2024
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[–] ninjan@lemmy.mildgrim.com 20 points 2 years ago

I'd say for the individual this is the core issue people face today. That they after needed fixed/utility costs have very little left over and that amount is actually decreasing and has been decreasing for decades now. "The economy" matters not to John Hancock and Jane Doe, all that matters is how much is left in the bank account once the bills they can't remove or reduce are paid. And this is true also for the people that own, of course. Because while equity is great down the line it does little to alleviate the day-to-day / month-to-month finances.

Far to little economic policy in the US aims to actually make meaningfull progress on this problem, it's all lofty high level goals but no decisive plans with a clear stated goal of improving the situation for all that truly struggle with making ends meet.

I'd actually rank this higher than healthcare, certainly higher than legalization and much more important than any identity politics or even international politics like the war on Gaza. To the voters that will win the election for either candidate this autumn it's this question that will decide it, I'm certain. But if they'll vote on "feeling" (i.e. which candidate they feel address their problem regardless of what they actually propose) or on proposed policy is entirely up to the candidates and so far none of them have done anything to address this in a clear and direct manner.

[–] ExLisper@linux.community 7 points 2 years ago (4 children)

What does it mean that they 'paid unaffordable rates'? Are they paying with borrowed money?

[–] Ranvier@sopuli.xyz 14 points 2 years ago* (last edited 2 years ago) (3 children)

It means they had rents that were more than 30% of their income, by this study's definition.

[–] Zoboomafoo@slrpnk.net 10 points 2 years ago* (last edited 2 years ago)

Shit, I consider myself in a good position if I'm under 50%

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[–] FlyingSquid@lemmy.world 7 points 2 years ago

People are maxing out their credit cards, so probably.

[–] EatATaco@lemm.ee 2 points 2 years ago

Wtf? The answer is literally in the first couple of paragraphs. All you had to do was open the article and read for less than 5 seconds.

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