After reading this news story that half of Americans are skipping meals because of affordability and a bad economy, I have to ask how are you all doing out there?
I heard from a real estate agent friend of mine that REOs, i.e. bank foreclosures on home mortgages, are going up like crazy, which is a sign of bad times, like the recession of 2007-08.
I have heard from others about rents not being paid, lack of jobs, etc.
Every day, there’s more news of corporate layoffs, moreso than usual.
I live in the economic bubble of the SF Bay Area, where tech wealth more-or-less insulates me and mine from the most serious consequences of a bad economy, but how are things elsewhere?
I’ll tell you after tonight. Last year’s Halloween was more subdued than previous 2 years under Biden. Lots of candy left on shelves, not as many lights in our area. I don’t expect as many trick-or-treaters but we’ll see. Of course this isn’t the only recession indicator.
As for where I’m from originally and which has voted Trump loyally every election cycle, they are just increasingly going down the shitter. Rust, bible belt, etc. The pain a lot of these people feel is genuine – they’re just too “poorly educated” to know who’s screwing them over the most.