cross-posted from: https://lemmy.world/post/17601144
Even as inflation continues to cool into the second half of 2024, many Americans say they’re still struggling to make ends meet.
Roughly one-third of U.S. workers say they’re living paycheck to paycheck and have nearly no money for savings after paying their monthly bills, according to a survey from personal finance website Bankrate.
Well, yeah. The rate of increases is slowing, but prices are still high. There isn’t, and won’t be, deflation, that’s a catastrophically bad long term economic effect (at least, according to economists)
Only within capitalism, where the myth of eternal growth is a central pillar.
Yeah, and for stability under capitalism it is indeed a necessity rather than a myth. We really need to wean ourselves from this market mediation (even if it’s too late to save ourselves there’s honor in the attempt).
There actually was deflation last month. Only -0.1%, but it still counts.