After reading this news story that half of Americans are skipping meals because of affordability and a bad economy, I have to ask how are you all doing out there?
I heard from a real estate agent friend of mine that REOs, i.e. bank foreclosures on home mortgages, are going up like crazy, which is a sign of bad times, like the recession of 2007-08.
I have heard from others about rents not being paid, lack of jobs, etc.
Every day, there’s more news of corporate layoffs, moreso than usual.
I live in the economic bubble of the SF Bay Area, where tech wealth more-or-less insulates me and mine from the most serious consequences of a bad economy, but how are things elsewhere?
It kind of it is, because it doesn’t capture people who have given up on looking for work, either because they don’t think they can get a job, or think the jobs they can get are emotionally/physically worse than living off whatever systems they have access to.
The one you want to look at it if you want to understand society better is NEET–people Not in Education, Employment or Training…