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eek2121 ,

I strongly believe we will enter a recession at some point next year.

Every indicator is red at this point. This one included.

Holiday spending will probably still increase, but not as much. Due to that, there will be more layoffs. More layoffs means even lower consumer spending, which means even more layoffs…

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

I am so glad my daughter is not super into material things overall. She wanted a leather jacket this Christmas. A decent one costs over $200, but she’s had a really hard year, so we thought we’d spend that much even though we really shouldn’t. Because the weather has been getting colder and she doesn’t have a jacket that fits, we decided to get it for her early, which she was fine with.

We left the mall with her absolutely over the moon about her faux-leather jacket we got for $30 because it was on sale. And she was happy it cost us less money.

We really thought we were going to end up spending a little beyond our means.

Aviandelight ,
@Aviandelight@mander.xyz avatar

My very first big purchase as an “adult” was a nice real leather jacket which I too got on sale. I still have it well over two decades later. I would say though I got an LL Bean coat for an Xmas gift one year and it is by far my favorite coat ever. It’s rated for -40 degree weather and built to last. I would have never spent the money on such a thing for myself but having it makes a world of difference to me (I’m very cold sensitive). I will most definitely shell out the money for a replacement when the time comes.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

I used to have a leather trench coat. I loved that thing. I wish I knew what happened to it. This was like 30 years ago, so who knows? But my daughter is very punk rock, so she needed the right kind of jacket for that.

chitak166 ,

Holidays are a scam.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

In some ways, I agree. But as a parent, it’s cool to have an occasion to give younger kids gifts that they get to build up some anticipation for. If you only do that for birthdays, it’s only once a year. My daughter is 13 now, so it doesn’t matter that much to her anymore, but getting a Christmas present when she was 8 or 9 was a pretty big deal to her.

Now when it comes to regimented gift-giving for adults, yes, I agree. I give my mother and wife birthday gifts, but that’s it.

fleabomber , (edited )
@fleabomber@lemmy.world avatar

As they do.

Gazumi ,

Also read as “Many more Americans than before are struggling financially. Trickle down economy does not work”

PugJesus ,
@PugJesus@kbin.social avatar

Don't worry, I'm sure the GOP will collapse or stop supporting trickle-down economics any day now. I mean, the voters would crucify them for continuing an obviously failed policy that only hurts the poor and middle class for the past 40 years, wouldn't they?

... wouldn't they...?

WeeSheep ,

I had an engineering teacher who insisted that it was the best model for economics. He was a great engineering teacher. He said he minored in economics. He was a teacher who had to go on strike because the board of the school all voted to give themselves raises and cut the number of teachers and give no one else raises while raising tuition. You can’t fix brainwashing when it’s that deep.

FuglyDuck ,
@FuglyDuck@lemmy.world avatar

To quote a veterinarian I know…

Not only can you fix stupid, but it’s quite a simple procedure

captainlezbian ,

Yeah that sounds like engineering teachers

Unaware7013 ,

He was a teacher who had to go on strike because the board of the school all voted to give themselves raises and cut the number of teachers and give no one else raises while raising tuition.

You should have told him to keep working, the wealth will trickle down from the board to him any day now.

It's a dick move, but those sorts of idiots only really learn when they get their noses shoved in their own piss (a few hundred times).

FuglyDuck ,
@FuglyDuck@lemmy.world avatar

Oh. Trickle down is working exactly as intended.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

Trickle down economy does not work

Now… when are people ever going to figure this out and stop voting for the people who tell them it does?

EmpathicVagrant ,

When the bread and circuses end.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

Agreed. It was sort of a rhetorical question. They’ll never learn as long as they’re being given those carrots.

EmpathicVagrant ,

From football to fantasy, sandwiches to snacks

We do it to ourselves now, the cycle is automated.

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