I've been running a small business for years and the
disconnect between what I see in my numbers and what
the news reports is insane. Inflation is eating my
margins, my customers are spending less, but the stock
market is at all-time highs and luxury spending is up.
It's like there are two completely different economies
happening on the same street.
I made a breakdown of what's actually going on with
the math — not the talking points, the actual numbers.
Half the country is in a recession and the other half is doing fine. Nobody wants to say it.
byu/sharm64 ineconomy
Posted by sharm64
8 Comments
Yeah. Same boat. Things are scary slow, and new business development is at its worst in a decade. I have two very small businesses, and one is “recession proof,” but definitely not Trump proof.
Republicans are a fucking disaster for the bottom 97%.
It’s more like a third of the country is absolutely drowning, a third is doing okay, and a third is doing very well.
We’re experiencing that K-shape recovery.
Is this an AI voice and script?
I’ve been in a recession my entire life. It’s called working poor. Same as it ever was.
Also even for the people who are doing well the constant threat of layoffs especially in certain industries (tech, healthcare/ biotech) is sky high making it feel like no one is safe.
Yep since at least 2020
It’s more like 10% are doing fine, and most corporations have shifted to catering only to them a few years ago because that’s where the money for spending still is. Everyone else is left out on their own.
Was it really different in other harder times? In a recession suffer those who have not a a lot of recourses.