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deleted1116990
I think the American family is getting destroyed and scammed by the desire for ‘more’. Work more. More money. Nicer/bigger home. New cars. Constant stream of Amazon boxes showing up at the door. Credit cards. Debt upon debt upon debt. Rinse repeat.
The problem is that they are trying to do this under a delusion that it is obtainable with traditional methods of generating income. It is true, that at some point, if you have enough money you can completely check out from the system and do what you want and be free. Reaching this level typically isn't going to be obtainable for most people who work for someone else. But they think it is. The entire system depends on them believing it is. So they will work twice as much to make 150k instead of 100k, which will allow them access to a little more credit to buy a little more stuff, which in reality just digs them deeper into the work-consume-work cycle of perpetual indebtness. Servicing their debts will further prevent them from ever achieving financial independence. I have a number of friends like this.
And it's why our economy is going to absolutely crater next year. People who earn 150k won't stop taking out 80k loans on new trucks and living paycheck-to-paycheck to pay for all their stuff until they are forced to, then they can't pay their loans back, and boom we get our cyclical 15 year economic dump with mass layoffs, forced home sales, and general misery, then the cycle repeats.