#class-stratification

[ follow ]
#retirement
Retirement
fromSilicon Canals
18 hours ago

What no one tells you about a working-class retirement - Silicon Canals

Retirement can lead to unexpected physical and identity challenges for those who defined themselves by their work.
fromSilicon Canals
1 month ago
Mental health

Psychology says lower middle class retirees face these 8 challenges that wealthy retirees quietly avoid - Silicon Canals

Retirement
fromSilicon Canals
18 hours ago

What no one tells you about a working-class retirement - Silicon Canals

Retirement can lead to unexpected physical and identity challenges for those who defined themselves by their work.
fromSilicon Canals
1 month ago
Mental health

Psychology says lower middle class retirees face these 8 challenges that wealthy retirees quietly avoid - Silicon Canals

Psychology
fromSilicon Canals
6 hours ago

The hardest part of growing up lower middle class wasn't the lack of money. It was learning to want things quietly, because visible desire in a household running on tight margins felt like an accusation against the people who were already giving everything they had. - Silicon Canals

Emotional training around scarcity shapes behavior in lower middle class childhoods, teaching children to suppress desires to avoid adding stress to their families.
Higher education
fromThe Atlantic
21 hours ago

What an Ivy League Education Really Gets You

Graduates from elite universities dominate key sectors of the economy and culture despite being a small percentage of the population.
Careers
fromSilicon Canals
4 days ago

The most profound disconnect between boomers and younger generations isn't about avocado toast or laziness - it's that boomers inherited an economy designed to reward time invested, while millennials and Gen Z are navigating one that rewards attention captured, and the skill sets don't translate - Silicon Canals

Generational tension arises from differing economic realities between baby boomers and younger generations, affecting perceptions of work and success.
#childhood-development
fromSilicon Canals
5 days ago
Education

The class divide that nobody maps is the one between people who were taught to call authorities when something goes wrong and people who were taught that calling authorities makes everything worse. Both groups are navigating the same systems with completely opposite instruction manuals. - Silicon Canals

fromSilicon Canals
1 month ago
Parenting

8 hobbies wealthy families encourage their kids to take up that lower middle class parents never think of - Silicon Canals

Education
fromSilicon Canals
5 days ago

The class divide that nobody maps is the one between people who were taught to call authorities when something goes wrong and people who were taught that calling authorities makes everything worse. Both groups are navigating the same systems with completely opposite instruction manuals. - Silicon Canals

Childhood experiences shape how individuals interact with authority and systems, influencing their responses to crises throughout life.
fromSilicon Canals
1 month ago
Parenting

8 hobbies wealthy families encourage their kids to take up that lower middle class parents never think of - Silicon Canals

#marx
Philosophy
fromOpen Culture
5 days ago

A Free Course on Karl Marx's Capital, Volume 1 from Yale University

Marx's Capital provides insights into social class struggles, the nature of money, labor exploitation, and systemic transformation challenges.
Philosophy
fromOpen Culture
5 days ago

A Free Course on Karl Marx's Capital, Volume 1 from Yale University

Marx's Capital provides insights into social class struggles, the nature of money, labor exploitation, and systemic transformation challenges.
London politics
fromwww.theguardian.com
1 week ago

London has England's highest levels of child poverty, data shows

London has the highest child poverty rates in England, with over half of children in some boroughs living below the poverty line.
Boston real estate
fromwww.businessinsider.com
5 days ago

2 charts show how the highest and lowest earners spend their money

Lower-income Americans face significant financial challenges, with spending disparities compared to higher-income households affecting their budgets and lifestyle choices.
Psychology
fromSilicon Canals
6 days ago

6 things people who grew up lower middle class instinctively calculate before entering any restaurant, and none of them involve whether they're actually hungry - Silicon Canals

Growing up lower middle class instills lasting mental habits that influence decision-making and risk assessment, even after financial circumstances improve.
Right-wing politics
fromFortune
2 weeks ago

Economists agree: You're not crazy for feeling like the rich get richer, and the poor are doing worse. Welcome to the 'K-shaped economy' | Fortune

The K recovery illustrates a growing economic divide where the wealthy prosper while the poor struggle, echoing historical patterns of inequality.
Artificial intelligence
fromAxios
1 week ago

Behind the Curtain: America's next class war will be over AI fluency

AI fluency is creating economic inequality, with experienced users outperforming newcomers regardless of their roles or tasks.
UK politics
fromwww.theguardian.com
2 weeks ago

Basics' of life in Britain have been sold for profit, says Polanski

UK privatization of essential services has created an economy where basic necessities are rented back to people at unsustainable costs, leaving households vulnerable to economic shocks.
Psychology
fromSilicon Canals
1 week ago

The real class divide isn't between rich and poor. It's between people who were taught the world will accommodate them and people who were taught to accommodate the world. Both are right about the world they grew up in. - Silicon Canals

Social fluency stems from early life experiences, not wealth, shaping expectations of how the world responds to individuals.
Education
fromSilicon Canals
2 weeks ago

Nobody teaches you that class isn't about income. It's about which mistakes are survivable. A rich kid's DUI becomes a learning experience. A poor kid's missed rent payment becomes a credit score that follows them for seven years. Same species, different physics. - Silicon Canals

Credit scores reflect structural inequalities, where similar mistakes lead to vastly different consequences based on financial safety nets.
Higher education
fromwww.independent.co.uk
1 week ago

The best UK universities to study at for graduate social mobility

The Independent provides accessible journalism on critical issues, while the University of Bradford leads in social mobility rankings for supporting disadvantaged students.
US Elections
fromIntelligencer
3 weeks ago

What Does Extreme Wealth Do to the Brain?

Extremely wealthy individuals often struggle to acknowledge how wealth fundamentally alters their perspectives on status, relationships, and reality, despite evidence that it profoundly changes their thinking.
Right-wing politics
fromThe Atlantic
2 weeks ago

The College-Educated Working Class

America experiences recurring mutinies across political divides, with MAGA representing the ur-mutiny that challenges institutional foundations despite holding federal power.
#income-inequality
Madrid food
fromwww.theguardian.com
3 weeks ago

Unbelievably unequal': report shows how 1% of Mexicans own 40% of country's wealth

Mexico's extreme income inequality concentrates 40% of wealth among the richest 1% while nearly 19 million people live in poverty, exemplified by stark contrasts between luxury developments and working-class neighborhoods.
fromFortune
1 month ago
Business

Welcome to the 'E-shaped' economy: Wealth gap is no longer between just higher and lower earners, the middle class is also struggling out on its own | Fortune

fromFortune
1 month ago
US news

Something broke in the economy in 2023 that explains why so many people are miserable about it, New York Fed says | Fortune

fromFortune
2 months ago
US politics

How the middle class was hollowed out from 1979 to 2022, according to new federal data | Fortune

Madrid food
fromwww.theguardian.com
3 weeks ago

Unbelievably unequal': report shows how 1% of Mexicans own 40% of country's wealth

Mexico's extreme income inequality concentrates 40% of wealth among the richest 1% while nearly 19 million people live in poverty, exemplified by stark contrasts between luxury developments and working-class neighborhoods.
fromFortune
1 month ago
Business

Welcome to the 'E-shaped' economy: Wealth gap is no longer between just higher and lower earners, the middle class is also struggling out on its own | Fortune

fromFortune
1 month ago
US news

Something broke in the economy in 2023 that explains why so many people are miserable about it, New York Fed says | Fortune

fromFortune
2 months ago
US politics

How the middle class was hollowed out from 1979 to 2022, according to new federal data | Fortune

Miscellaneous
fromThe Nation
3 weeks ago

Taking Aim at Overpaid CEOs

CEO compensation vastly exceeds worker wages at major corporations, forcing taxpayers to subsidize employee benefits through public assistance programs.
US politics
fromFortune
3 weeks ago

Social Security has kept wealth inequality in check for decades. Trump's policies could deplete it in 6 years | Fortune

Social Security's $40 trillion buffer has moderated wealth inequality for decades, but accelerating fiscal policies threaten its insolvency by 2032, potentially widening the wealth gap to Gilded Age levels.
Psychology
fromSilicon Canals
1 week ago

There's a version of class that has nothing to do with education or wealth - it belongs to people who grew up with very little but treat everyone like they matter, from the CEO to the person cleaning the bathroom - Silicon Canals

People from lower socioeconomic backgrounds often exhibit greater compassion and generosity due to their understanding of struggle and invisibility.
World politics
fromwww.theguardian.com
4 weeks ago

Did baby boomers eat all the pies? John Lanchester on the truth about the generation gap

Intergenerational fairness has deteriorated significantly, with future generations facing double the lifetime fiscal contributions of current newborns, creating measurable economic inequality across age cohorts.
London politics
fromwww.theguardian.com
3 weeks ago

Generational divide isn't as wide as you think | Letters

Intergenerational narratives are more complex than surface-level rivalry suggests, with significant commonalities between generations but stark inequality emerging around climate change and economic opportunity.
fromApaonline
3 weeks ago

Good Work and Class Conflict

Work, in the words of Karl Marx, is a "means of life" in two senses. It is, first of all, an instrument for human life. It is the activity by which we reproduce ourselves from day to day, from year to year, from generation to generation. But work also forms, so to speak, much of the matter of human life, at least for most people in any society with which we are familiar.
Philosophy
Relationships
fromSilicon Canals
1 month ago

9 things lower-middle-class families did in the 1970s and 80s that cost nothing but created bonds wealthy families genuinely can't buy - Silicon Canals

Working-class families in the 1970s-80s built unbreakable bonds through shared necessity and limited resources rather than planned activities or money.
Miscellaneous
fromenglish.elpais.com
4 weeks ago

The Luxembourg paradox: A record number of working poor in the EU's wealthiest country

Luxembourg's extreme wealth masks hidden poverty, with vulnerable populations including migrants and elderly relying on soup kitchens and social services despite the country's record-high wages.
Parenting
fromScary Mommy
1 month ago

I Did Everything I Was "Supposed" To. I Still Can't Afford The Childhood I Had.

Millennial parents struggle to provide their children with the comfortable, enriched childhoods they experienced due to economic decline and rising costs of activities, education, and experiences.
#social-mobility
fromSilicon Canals
1 month ago
Silicon Valley

The reason you feel like you're falling behind isn't burnout - it's a class architecture designed to make upward mobility feel possible while making it structurally impossible - Silicon Canals

fromSilicon Canals
1 month ago
Social justice

I'm 44 and I was the first person in my family to go to university-and the thing no one tells you about moving up a class is that you spend the rest of your life fluent in two worlds and fully comfortable in neither - Silicon Canals

fromSilicon Canals
1 month ago
Silicon Valley

The reason you feel like you're falling behind isn't burnout - it's a class architecture designed to make upward mobility feel possible while making it structurally impossible - Silicon Canals

fromSilicon Canals
1 month ago
Social justice

I'm 44 and I was the first person in my family to go to university-and the thing no one tells you about moving up a class is that you spend the rest of your life fluent in two worlds and fully comfortable in neither - Silicon Canals

Higher education
fromFortune
3 weeks ago

Former Goldman Sachs CEO got into Harvard at 16, growing up in Brooklyn public housing-he still says college is the best ticket to the middle class | Fortune

College education serves as a wealth equalizer and essential pathway to success, developing complete professionals equipped for career advancement despite AI disruption.
Right-wing politics
fromemptywheel
1 month ago

The Wisdom Of The Subservient Class - emptywheel

Conservatism has failed as a rightist sect of liberalism, functioning merely as reactive opposition to other liberal factions while protecting elites from democratic constraints rather than conserving substantive values.
Books
fromThe Nation
1 month ago

Has Contemporary Fiction Ignored the Working Class?

Work's grip on life demands vigilance; allowing career to consume identity risks losing oneself entirely to labor's demands.
Philosophy
Society exists as a real entity distinct from individuals, comparable to how organs form a brain; denying society's existence while acknowledging individuals is logically inconsistent.
Higher education
fromBusiness Insider
3 weeks ago

So much for the death of the elite degree

Elite college graduates have regained hiring advantage as employers become more selective during economic slowdown, with top-tier universities increasingly prioritized in recruitment.
Relationships
fromSilicon Canals
1 month ago

9 habits from growing up lower middle class that look like cheapness but are actually intelligence - Silicon Canals

Working-class financial habits like repairing items, bulk buying, and careful spending develop problem-solving skills and resilience that become valuable professional assets in adulthood.
Psychology
fromSilicon Canals
1 month ago

The difference between people who grew up with money and people who grew up without it shows most clearly in what they check first when they open a menu - Silicon Canals

Childhood financial circumstances create lasting behavioral patterns in decision-making, visible in how people scan restaurant menus—price-first versus description-first—revealing a scarcity mindset that persists regardless of current wealth.
fromwww.dw.com
1 month ago

Nearly 2 million highly educated Germans at risk of poverty

Around 1.9 million people with university-level qualifications were at risk of poverty in 2025, an increase of 350,000 compared with 2022. The figures from Germany's official statistics office were released in response to a request from the Sahra Wagenknecht Alliance (BSW). The rise comes as the number of graduates grew to 21 million nationwide. Yet data from the Federal Employment Agency show unemployment among academics climbed to 3.3%, up from 2.2% three years earlier.
Germany news
fromSilicon Canals
1 month ago

8 lower-middle-class families never throw away that wealthy people replace without thinking - Silicon Canals

Growing up outside Manchester, I learned early that there's a stark difference between having money and knowing how to make things last. My dad worked factory shifts while my mum juggled retail hours, and our house ran on an unspoken rule: if something still worked, you didn't replace it. Last month, I visited a friend in Belgravia who was renovating his kitchen. As we chatted over coffee, workers hauled out perfectly functional appliances that looked barely used.
UK news
#wealth-inequality
Food & drink
fromSilicon Canals
1 month ago

8 things lower-middle-class people do when dining out that wealthy people find odd but waiters actually appreciate - Silicon Canals

Working-class dining habits like stacking plates and leaving cash tips often ease restaurant staff workloads and show practical respect for service workers.
Business
fromHarvard Gazette
2 months ago

Inequality and location, location, location - Harvard Gazette

Geography significantly shapes housing and labor market outcomes, influencing wages, location choices, rent control effects, and demographic-driven economic dynamics.
Mindfulness
fromSilicon Canals
2 months ago

7 things working-class people do with money that wealthy people secretly wish they'd learned - Silicon Canals

Working-class people track every penny, find joy without spending, prioritize essentials, avoid lifestyle inflation, and build financial resilience through discipline and resourcefulness.
Music
fromwww.theguardian.com
2 months ago

The pub that changed me: We would flirt and mingle with the wild children of the wealthy'

A local pub became a gateway for a Black Battersea youth into middle-class social life, music scenes, and new social possibilities beyond the estate.
fromSilicon Canals
1 month ago

9 things truly affluent people find vulgar that middle-class people think signal success - Silicon Canals

After spending years in corporate London, rubbing shoulders with people from every economic bracket, I've noticed something fascinating: The truly wealthy operate by a completely different playbook. Things that middle-class professionals proudly display as badges of success? The genuinely affluent find them, well, rather tasteless. It's about understanding that real wealth whispers while new money shouts. Trust me, coming from a working-class background outside Manchester, learning these unwritten rules was like decoding a secret language.
Fashion & style
Psychology
fromSilicon Canals
1 month ago

Psychology says people who grew up poor develop a relationship with money that wealthy people mistake for anxiety - but it's actually a form of hypervigilance that kept their family from catastrophe - Silicon Canals

Growing up with financial instability develops hypervigilance around money as an adaptive survival skill rather than anxiety or dysfunction.
Left-wing politics
fromSilicon Canals
2 months ago

I grew up lower middle class and the first time I saw a friend's parents throw away leftovers I understood we were different-here are 9 other moments that made it clear - Silicon Canals

Growing up working-class shapes perspectives, routines, and assumptions, creating distinct approaches to life and different definitions of normal.
fromSilicon Canals
1 month ago

8 things upper middle class people do casually that working class people find tone-deaf and out of touch - Silicon Canals

"Finding good help is so difficult these days." I nearly choked on my coffee the first time I heard this at a dinner party. The speaker was lamenting how their cleaner had rescheduled, throwing off their entire week. Meanwhile, most working class families I know clean their own homes after pulling double shifts, often with kids in tow. What really gets me is when they complain about these services in front of people who could never afford them.
Social justice
fromSilicon Canals
2 months ago

8 things lower-middle-class people do to feel safe that wealthy people don't even think about - Silicon Canals

Growing up outside Manchester, I remember watching my mum count out exact change at the supermarket checkout, keeping a running total in her head as she shopped. Meanwhile, my university roommate would just toss things in his trolley without a second thought. That's when it hit me: Financial security isn't just about having money. It's about the mental space that money creates.
Mental health
fromWorld History Encyclopedia
2 months ago

Organizing Workers in the Shadow of Slavery: Global Inequality, Racial Boundaries, and the Rise of Unions in American and British Capitalism, 1870-1929

Rudi Batzell offers a material account of how racial hierarchies formed in the United States, framing the history of racism in the labor movement as a question not of biases and prejudice but of access to property and land. Racism is often considered a question of thoughts, feelings, and beliefs. The accused racist will sometimes deploy the tired old defense that he or she "has black friends,"
History
fromSilicon Canals
1 month ago

8 things lower-middle-class people do at hotels that reveal exactly how they grew up - Silicon Canals

Years later, after countless nights in hotels from budget chains to five-star establishments, I've noticed something interesting. Those of us who grew up in lower-middle-class households carry certain behaviors with us into these spaces. They're not necessarily bad habits, but they're telling. They reveal a childhood where every pound mattered and waste was practically a sin. I've seen these patterns in myself, in friends from similar backgrounds, and in countless fellow travelers over the years.
Travel
Books
fromSilicon Canals
1 month ago

You know you grew up lower-middle-class when these 9 things still feel like a luxury - Silicon Canals

Childhood socioeconomic background shapes lifelong perceptions of everyday comforts, making ordinary conveniences feel indulgent.
fromFortune
2 months ago

Children of parents with expensive mega mansions get offered the best jobs-and new research has revealed why | Fortune

Around the turn of the 21st century, the U.K. witnessed a dramatic surge in housing prices: the costs rose from four times peoples' annual earnings in 1995, to eight times by 2010. Homeowners subsequently enjoyed a wealth windfall, and it resulted in their kids receiving more housing wealth and higher-paying jobs, according to recent research from the Institute for Fiscal Studies. Lower-income renters, on the other hand, were faced with new affordability challenges.
UK news
Germany news
fromwww.dw.com
1 month ago

Germans increasingly concerned over social inequality

ARD-Deutschlandtrend finds CDU/CSU slightly down, SPD slightly up, AfD at 24%; majority see rising inequality and trust SPD most to ensure social justice.
World news
fromFlowingData
2 months ago

Imagining a global lottery where you are born with less

A birth-lottery tool compares countries' starting conditions using life expectancy, income, and education via the Human Development Index.
US politics
fromFortune
1 month ago

Elites are the villains we love to hate. It's American culture's most paradoxical obsession | Fortune

Elitism is widely resented yet simultaneously desired, creating paradoxical cultural and marketing tensions.
Silicon Valley
fromSilicon Canals
1 month ago

8 habits that seem financially responsible but are actually the exact things keeping lower middle class families stuck forever - Silicon Canals

Many commonly taught 'responsible' money habits—obsessing over small savings, buying cheap items, and prioritizing frugality—sabotage wealth building and income growth.
Business
fromFortune
1 month ago

Turns out your college degree really matters-for keeping you on the wealthy side of America's K-shaped economy | Fortune

The economy is K-shaped: college graduates increased consumer spending faster than nongraduates, widening economic divergence tied to educational attainment.
UK politics
fromwww.theguardian.com
2 months ago

On 100k and feeling hard-done-by? It seems absurd but a cold truth lies beneath | Jason Okundaye

High-earning urban professionals face tax, childcare, and student-loan thresholds that reduce net gains from higher pay, discouraging promotions and extra work, particularly in London.
fromSilicon Canals
1 month ago

I grew up lower-middle-class and didn't realize these 9 habits were unusual until I made wealthy friends - Silicon Canals

Growing up outside Manchester, I thought everyone kept their tea bags to use twice. It wasn't until I was at university, sitting in a friend's kitchen in London, that I realized this wasn't normal. My friend watched in horror as I carefully squeezed out my used tea bag and placed it on a saucer for later. "What are you doing?" he asked, genuinely confused.
Social justice
World news
fromwww.npr.org
2 months ago

China's economy is rising, but many citizens are left behind, analysts say

China's GDP rose 5% despite U.S. trade tensions, but weak domestic demand and a troubled housing market leave ordinary people facing serious difficulties.
London politics
fromLondon On The Inside
1 month ago

Inside London's North-South Divide

North–South London tensions stem from geography, transport inequalities, commuting patterns, and strong local identities that shape residents' willingness to cross the river.
Relationships
fromBusiness Insider
2 months ago

I'm wealthy thanks to an inheritance and good investments. My friends aren't, and it's straining our friendship - what do I do?

Remain empathetic, set firm boundaries, decline loan requests, and offer nonfinancial support while protecting personal finances and preserving relationships.
UK news
fromwww.theguardian.com
1 month ago

Lower-income families face 137-year wait for living standards to double, says UK thinktank

Lower-income working-age UK families have seen disposable incomes stagnate since 2005, meaning doubling of living standards would take over 130 years at current rates.
fromInside Higher Ed | Higher Education News, Events and Jobs
2 months ago

Questions About Youth Perceptions of Access to American Dream

He began by characterizing what I had written as "fascinating," which could have meant a multitude of things coming from a teenager. He then explained that his eighth-grade English class included recent discussions about immigrant pursuits of the American dream. Accordingly, one major takeaway from those conversations with his teacher and peers was that many people come to the U.S. because it is perceived as a land of opportunity.
US politics
fromFortune
1 month ago

Our K-12 school system is sending us a message: AI tools are for the rich kids | Fortune

Whenever I made my initial rounds at a school, a quick peek at its technological resources was often a reliable predictor of its ability to meet students' broad needs. The differences in the quality and volume of computing labs at a school like Lincoln Park High School on Chicago's wealthy north side, where the local population is 75% white, versus Raby High School, located in economically distressed East Garfield Park which is 83% Black, were stark.
Education
fromEmptywheel
2 months ago

The Economic Myths Supporting The Existence Of Billionaires

My suggestion is to unlearn the stupid ideas about capitalism that dominate our education system and our political discourse. Replace them with something approximating reality.
Business
fromFortune
1 month ago

The economy isn't K-shaped. For 87 million, people, it's desperate and for another 46 million it's elite | Fortune

A split in consumer confidence across income groups threatens stability as millions facing affordability-driven strain begin abandoning long-term planning and exiting upward mobility.
fromwww.theguardian.com
2 months ago

Exclusively for the elite': why Mumbai's new motorway is a symbol of the divide between rich and poor

The road was intended as a solution to the gridlocked roads of India's commercial capital. But Mumbai is a densely populated peninsula, 25 miles (40km) long and 6 miles wide, where land is as scarce as snow. The new coastal road had to be built on land reclaimed from the Arabian Sea. An engineering marvel, it connects north and south, and is a dream for car owners, who used to average about 5mph through Mumbai's congestion.
Social justice
Philosophy
fromAeon
2 months ago

Inherited wealth is a natural byproduct of a healthy, growing economy | Aeon Essays

Rising inheritances do not necessarily threaten economic growth or entrench a hereditary aristocracy; their effects on inequality depend on composition and policy.
World news
fromwww.aljazeera.com
2 months ago

Billionaires have more money and political power than ever, Oxfam says

Superrich individuals increasingly concentrate wealth, political influence, and media ownership, intensifying global inequality and undermining poverty reduction efforts.
Business
fromSilicon Canals
1 month ago

I worked as a personal assistant to a billionaire for a year-here are 9 uncomfortable truths about wealth nobody says out loud - Silicon Canals

Extreme wealth breeds justified paranoia, routine anxieties, and complicated family and social dynamics that money often fails to resolve.
fromSilicon Canals
2 months ago

8 phrases that immediately tell strangers you grew up with money without you ever saying a single word about your bank account - Silicon Canals

That's when it hit me: There are certain phrases that instantly reveal someone grew up with money, even when they're not trying to flex. These verbal tells slip out in everyday conversation, painting a picture of childhoods filled with private schools, summer homes, and trust funds without ever mentioning a single dollar amount. After interviewing over 200 people throughout my career, from startup founders to researchers studying social behavior, I've noticed these linguistic patterns repeatedly. They're not necessarily bad or good, just revealing.
Social justice
fromAxios
2 months ago

Behind the Curtain: AI rush creates rarified class of "Have-Lots"

It's human nature to judge your personal economics and mood on how you feel, influenced heavily by conscious and subconscious comparisons to others. So it's possible President Trump is right: U.S. growth and stocks soar in 2026. But even then, because the AI-connected hyperwealthy do so much better than everyone else, fear and resentment still grow. It's also possible the AI bubble pops, and everyone suffers. But the Have-Lots will (mostly) still have lots.
Right-wing politics
World news
fromwww.theguardian.com
2 months ago

In Davos, the rich talk about global threats'. Here's why they're silent about the biggest of them all | Ingrid Robeyns

Neoliberal capitalism concentrates wealth through privatization, weakened labor power, and tax cuts for the rich, eroding democracies and driving many global risks.
fromFortune
2 months ago

The great power gap: Billionaires are 4,000 times more likely to hold office than you are, and Oxfam warns it's ruining democracy | Fortune

According to Oxfam International's "Resisting the Rule of the Rich: Protecting Freedom from Billionaire Power" report this week, a billionaire boom has coincided with the rise of the richest exerting political influence, with billionaires 4,000 times more likely to hold office than less wealthy people globally. And if those billionaires aren't running for office, they're pouring money into campaigns. Per Oxfam, one in six dollars spent by all U.S. candidates, parties, and committees in the 2024 elections came from 100 billionaire families.
US politics
Business
fromPsychology Today
1 month ago

Who Can Afford to Spend Money?

Rising inequality and job losses increase consumer psychological stress and threaten a consumer-dependent economy unless individuals build financial resilience, community solidarity, and empathy.
Social justice
fromSilicon Canals
2 months ago

9 things children of lower middle class families understood by age 8 that wealthy kids don't figure out until someone tells them in their 30s - Silicon Canals

Childhood financial scarcity teaches lifelong money caution, shapes spending habits, and creates class-based differences in understanding affordability and choice.
[ Load more ]