New York City
fromHoodline
6 days agoNearly Half Of NYC Workers Struggling To Make Ends Meet
Many New Yorkers struggle to afford basic living costs due to stagnant wages and rising expenses.
#pakistani-class-dynamics
#pakistani-class-dynamics
[ follow ]
#income-inequality #k-shaped-economy #consumer-spending #cost-of-living #new-york-city #affordability
Psychology
fromSilicon Canals
1 week agoThe 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.
fromFortune
2 weeks agoThe K-shaped economy has left many six-figure earners 'on thin ice' as housing costs, lifestyle creep, and the job market put them at risk | Fortune
"The wealthy who are at financial risk are high earners whose lack of budgeting and profligate spending has them overleveraged and exposed. While they appear to be doing well from the outside, they are only a step away from real financial trouble."
Business
Right-wing politics
fromFortune
2 weeks agoEconomists 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.
#income-inequality
Madrid food
fromwww.theguardian.com
3 weeks agoUnbelievably 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.
fromApaonline
3 weeks agoGood 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
Right-wing politics
fromemptywheel
1 month agoThe 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.
Silicon Valley
fromSilicon Canals
1 month agoThe 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
Persistent feelings of inadequacy stem from societal narratives about mobility that promise success through individual effort while maintaining structural barriers that prevent actual advancement.
Psychology
fromSilicon Canals
1 month agoThe 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 agoNearly 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
Real estate
fromFortune
1 month agoWe may be looking at the housing affordability crisis all wrong. Higher earners are driving home prices, not lack of supply, researchers say | Fortune
Housing affordability is driven more by income and demand dynamics—especially population-driven demand—than by housing supply constraints.
fromSilicon Canals
1 month ago8 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
Business
fromFortune
1 month agoThe 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.
[ Load more ]