The economy is fine! We just have… money dysmorphia. /s
The gaslighting is at warp speed now.
Our entire economic system is out of balance, debt is rampant in the midst of late-stage capitalism, and they come up with the term “money dysmorphia”. 🤡
newspeak
Was it always the case that I would be turned down from multiple studio apartment complexes because I ONLY make ~100k a year? I cant afford spending the 2200 a month on rent and that being 33% or lower so I get denied. Has this always been the case or am I having money dismorphia? I’m only making 2X the median single income salary.
This has always been the case in an unaffordable big city. Even B4 covid.
What part of you guys can’t afford to live there don’t you get?
I can’t live 1 hour from a big city? I’m not in downtown lol how do you expect people to work regular menial jobs in big cities if none of the work force can live near them?
Just live 100 miles away where the cost of living is dirt cheap and take a helicopter in to work.
Gaslighting? Did you read the article? It doesn’t say that the economy is fine. It’s about how social media makes people feel shitty about how much money they (don’t) have, because they see so many people living glamorous lives online.
Roughly 43% of Gen Z and 41% of millennials struggle with comparisons to others and feel behind financially
This is the kind of attribution they are making, that its just a psychological condition and not an actual endemic issue that needs to be addressed.
I can definitely see why the term “gaslighting” was used
“Sir, 50% of the population has this virus called COVID.”
“It’s just a virology condition and not an actual endemic issue that needs to be addressed.”
To know how endemic it is to younger gens, we would need a baseline and to know the prevalence in prior gens.
I suspect that the progression of social media and influencers has amplified a false lifestyle perspective — the same as tv and ads/consumerism would’ve amplified them for prior gens — but I haven’t seen any large cross sectional or generational studies; only ones that are, at best, anecdotal.
It also says that people are doing far better than they think according to those who actually service these customers.
Well I’m not young but I haven’t been able to afford to go to the dentist in twenty years so I’d say that’s quantifiably shitty.
Median roperty prices have increased more than 600% relative to median wages in the past 50 years where I’m from. Now, on 2 incomes, I’m trying to buy a modest apartment in that pumped market, and I’m bidding against downsizers and investors that were the beneficiaries of all that growth after buying a house that cost less than my deposit.
Now these motherfuckers call us lazy and gaslight us, saying everything is fine? Noah, fuck the boat - we’re building guillotines.
I’ve just come to the conclusion I will never own anything new or at all really.
Someone please punch the writers for this shit.
I don’t know why you’re so upset at the article. Every time I compare myself to the Joneses I feel all sorts of inadequacy. /S
The issue is not with people feeling inadequate. The issue is fully with wealth inequality.
I believe the article. My junior coworkers that are young fresh out of college grads landing 100k salary feel behind. Median us household income is like 78k. The article is about the psychological impact. Although I don’t doubt that there’s people struggling and inflation and wage stagnation are real, I think we shouldn’t doubt that what this article describes as money dysmorphia isn’t also real.
Yeah there are people who earn a lot but are absolutely shit at managing their income. No wonder large chunk of them are also influenced by what they see on social media.
This is a muddled message. Are we caught up chasing an illusion, or are we just more acutely aware of our poor condition?
It reads like it is saying the former, but then quotes statistics that reflect real loss of buying power. On the coasts 100k is no longer a large income. People really do live paycheck to paycheck while carefully managing their spending.
I’m inclined to at least partially acknowledge the gaslighting comment as plausible.
100k is a fine income… People are still trying to live beyond their means if they can’t live somewhere decent in 100k
No, you’re not going to get luxury in a big city.
I count myself blessed for having earlier made the realization that I value financial security way more than the shiny new thing. What I also realized that often it’s not the shiny new thing where all my money goes to but it’s the repeating expenses from that daily starbucks coffee to groceries and utilities. If you find a way to save there it’ll start accumulating quickly.
That’s a big if.
A huge percentage of Americans (my family included) live paycheck-to-paycheck. There’s little or nothing left to save. They have everything from student loans to medical debts.
Criticizing someone for spending a few dollars a day on coffee to make their life a little more bearable is placing the criticism on the wrong party. You should be angry that anyone should have to make such unnecessary sacrifices. You should be angry that we can’t all get the shiny new thing if we want it.
You should never rely on luxury items to “make your life bearable”.
Pretending Starbucks makes you happy is literally half your problem.
How does it feel to be so weak your coffee literally owns you at this point.
You’re fighting giving up coffee harder than you’ve ever fought for higher wages.
You’ve shackled yourself and you blame the person pointing out your shackles?
Ignorant AF.
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Do the world a favour, go live in a cave, preferably one with no exits.
How is coffee a luxury item?
Should people be expected to live off of water and rice because they are poor?
I’d love to see the starbucks/income ratio by year set next to rent/income ratio so we can finally put these kind of brain dead responses to rest.
gestures rudely at “writers” behind this
