Wednesday, May 4, 2022

"20 Reasons To Feel Really Depressed About The Direction Of The Economy"

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"20 Reasons To Feel Really Depressed 
About The Direction Of The Economy"
by Epic Economist

"The current outlook for the U.S. economy is leaving Americans increasingly hopeless. Our systems are coming apart at the seams, and there are a whole lot of indications that things are about to get even worse. While consumer prices are soaring, paychecks are not. And while housing and rent prices reach new record highs with each passing month, millions of American families are drowning in debt.

As our buying power collapses, all of the recent polls show that the faith of the American people in our economy is eroding, and we can definitely understand why. It can be a devastating experience to work as hard as you can and yet just barely be able to pay the mortgage and put food on the table for you and your kids. The reason why so many Americans believe that we are moving towards another recession is because they can already feel life getting harder and harder every single day. Inequality in America is worsening by many measures — especially when it comes to employment.

The number of Americans getting depressed about the direction of the economy has continued to grow over the past two years. At first, most of us expected the U.S. economy to bounce back as "it always does" after the downturn caused by the effects of the health crisis, but now hope is turning into desperation as people start realizing that this time things are different.

In 2020, most Americans were very eager for things to go back to normal. By now, most of us have already accepted that this is the new normal. Unfortunately, our economic problems are still being aggravated by a perfect storm of factors that will continue to accelerate throughout 2022. Meanwhile, those in positions of power continue to act like everything is just fine, and as our economy continues to be caught in a death spiral they are only deflecting our attention from the challenges that are coming.

The sad reality is that our growth prospects are getting increasingly limited. In fact, with each passing month, more American families slip out of the middle class and into poverty. Millions of people out there will not be able to tonight because they are being eaten alive by worry and fear.

If we fail to solve our economic issues, there will be even more American families that are living in their cars and unable to afford enough to eat. This extended economic decline seems like a horrible nightmare that never seems to end. We are literally watching the greatest economy on the planet disintegrate right before our very eyes. So if you feel depressed about all this, you're not alone.

And if you still can, try to pull yourself together and get yourself and your family prepared because really hard times are coming for us. Today, we compiled some worrying stats that reveal why we've become so pessimistic about our economic future."

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