this post was submitted on 01 Apr 2025
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It very demonstrably is. Credit card debt is at record highs, home ownership is down, rents are a bigger proportion of salary than they've been in like a century, one in every five children in the US face food insecurity, incarceration is the highest in the world by far both in volume and per capita, people are going bankrupt with medical debt at record rates.
Just because you don't want to face up to it doesn't mean it's not happening.