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comment by veen
veen  ·  19 days ago  ·  link  ·    ·  parent  ·  post: Families Go Deep in Debt to Stay in the Middle Class

Thanks for copying the text I otherwise would have no access to.

Devils advocate: what can be learned from this other than 'people are ill-equipped to properly deal with the current financialized economic systems'?




kleinbl00  ·  19 days ago  ·  link  ·  

The graphs are sumpin' else. Unfortunately I don't know any good way to get 'em in.

My overarching takeaway has been the insight that our models and metrics for success and economic health are woefully outdated and that the stereotypes that drive our conversations about wealth and poverty have become harmful, not helpful. The platitudes we have about employment and debt and all the rest presuppose a world that has long since vanished and the policies we use to manage American civilization are tailored for a world that is no more.