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81 percent of young Americans say economic conditions are bad or terrible: Survey (thehill.com)

submitted 1 month ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] Viking_Hippie@lemmy.dbzer0.com 14 points 1 month ago (2 children)

Alternative headline: 19% of young Americans catastrophically un- or misinformed about economic conditions writ large.

[–] homura1650@lemmy.world 4 points 1 month ago* (last edited 1 month ago) (1 children)

I don't know. The stock market seems pretty strong ...

checks market

WTF. That was supposed to be a joke. How have we already recovered from the Iran war crash? A crash so bad, it plundged the markets to lows not seen since September!

[–] Viking_Hippie@lemmy.dbzer0.com 4 points 1 month ago

How

By the stock market being based on pseudoscientific algorithms and the feelings of ultra-rich people, not objective reality.

Everything else could be falling apart, and the stock market could still be doing well as long as the 1% are telling each other that it is.

Conversely, when the real world is doing objectively better because of economic empowerment of poor and merely "comfortable" to regular amounts of rich people, that's BAD for the stock market since it makes the people shaping it super nervous.

[–] linkerbaan@lemmy.ml 3 points 1 month ago

19% of young Americans have rich parents