J.P. Morgan's outlook for 2024 said that it will probably be the year when the U.S. consumer will begin to bend, although not yet break.
There are quite a few reasons why they believe this: diminished excess savings, plateauing wage gains, the restart of student loan payments, an uptick in subprime auto and millennial credit card delinquencies... The list goes on.
But to find out what the people think of the economy and how they're navigating its challenges, the subreddit r/FluentInFinance is the place to jump into. With 326K members, this vibrant community is a hub for insightful discussions, advice, and, most importantly, memes on all things money.
#22 The Rich Shouldn't Pay More Taxes. The Government Should Spend Less. Disagree?
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72points
We would all like to hear that tomorrow is going to be brighter than today, but the aforementioned J.P. Morgan paper concluded that elevated trade tensions with China, the ongoing Russia-Ukraine war, and conflicts in the Middle East all point to continued uncertainties and risks heading forward.
#24 Millions Of Cattle "Investing" In Brutal Corporate Oligarchy / Slaughterhouses, Occasionally Wondering Why Record Slaughterhouse Profits Entail Higher Costs And "Inflation"
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68points
