- cross-posted to:
- memes@lemmy.ml
- cross-posted to:
- memes@lemmy.ml
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Line goes down and you are out the door. Line goes up and you get jack shit. Isn’t the stock market so great and normal?
Title gore.
The problem could be that there is no paycheck next time anymore.
That’s the problem every paycheque when you’re living paycheque to paycheque, no?
Stock market crash means a lot of people lose their jobs, including people living paycheck to paycheck
I think the point is - scary threat isn’t scary, because such people already feel the constant threat of poverty every day. Being regularly pumped full of cortisol over worries of simply surviving, there are no fucks left to give when additional threats are piled on.
Yeah, but a lot of people were being laid off before as well, weren’t they?
Yes, but it’s significantly worse in an actual market crash.
People suck at gauging risk. The only question is whether people have to deal with the threat of losing their job or not. Nobody thinks “how safe is my job in quantitavie terms”, it’s more “do I feel my job is safe”. More people may flip on the second in a market crash, but it doesn’t change anything for already insecure people.
i think i’m getting old. welcome to your first financial hardship, though. you picked a doozie.
This will be the third or fourth “once in a lifetime economic crisis” I’ve lived through in my lifetime and I’m barely 30.
This will be my 3rd. But the first one mostly influenced my parents. We just felt shitty when our parents couldn’t afford anything for us during Xmas. That was also the time my parents told us Santa wasn’t real which made sense why the asshole in class always got the good shit.
