The “Fluent In Finance” Online Group Shared These 40 Funny Posts Summing Up Our Financial Status
J.P. Morgan's outlook for 2024 said that it will probably be the year when the U.S. consumer will begin to bend, although not yet break.
There are quite a few reasons why they believe this: diminished excess savings, plateauing wage gains, the restart of student loan payments, an uptick in subprime auto and millennial credit card delinquencies... The list goes on.
But to find out what the people think of the economy and how they're navigating its challenges, the subreddit r/FluentInFinance is the place to jump into. With 326K members, this vibrant community is a hub for insightful discussions, advice, and, most importantly, memes on all things money.
This post may include affiliate links.
Income Over $1 Billion Be Taxed 100%. Agree Or Disagree?
What's Destroying The Middle Class?
Then try a government that has better social ideals than the USA. For the purposes of this post, "social ideals" means NOT trying to passively kill citizens.
These memes illustrate some of the most important monetary questions that we ask ourselves on a regular basis: Are you better or worse off financially than you were a year ago? Do you think you’ll be better off a year from now? And where do you see the country headed in the next five years?
The University of Michigan also raises them (and other similar ones) to calculate the Consumer Sentiment Index, an economic indicator measuring how people feel about the economy.
How Can We Fix This?
Jeff Bezos: Funds his own space program for zillionaires to say they’re “astronauts.” Also Jeff Bezos: Makes workers routinely urinate into plastic bottles because they’re denied breaks. Locks workers in warehouses during hurricanes.
Taxing The Rich Is Our Best Solution Until We Can End Capitalism In This Country
So Much This. It’s Not Minorities. It’s The 1%
"It's a measure that we can compare over time and get a pulse on the attitudes of consumers," says Joanne Hsu, director of the Surveys of Consumers at the University of Michigan. “Which is important given that consumer spending is over two-thirds of GDP."
That survey and others demonstrate there is a pervasive sense of disconnect between the overall economic picture and how people feel about the economy.
Despite slowing inflation, a healthy labor market with record-low unemployment, and stocks that remain in a bull market, consumer sentiment remains below pre-pandemic levels.
But I Thought Money Can't Buy Happiness?
Maybe Boeing shouldn't have reduced everything to s**t and messed up their planes for profit.
He’s Not Wrong. Very Depressing. Crazy To Think About
Tax Breaks For The Ultra Rich Are Not A Fix
The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 65.6 this month, compared to 69.1 in May.
(Economists polled by Reuters had forecast a preliminary reading of 72.0.)
Before the coronavirus pandemic, the index stood at 101.
Would You Quit Your Job To Flip Burgers For $350,000 A Year?
Is The American Dream Dead?
Mom Said It's My Turn To Post This
I hate that you feel you have to point out you are not trying to be socialist. This is realism, not any other ism. The value of a human life is a real and precious thing just on its own and denigrating others time and labour to poverty levels is elitism and slavery under a new name.
Should There Be A Wealth Tax? Smart Or Dumb?
In 2024, the Pew Research Center also asked Americans to share their views of the nation's economy, and about three-in-ten (28%) rated them as excellent or good, while a similar share (31%) said they are poor and about four-in-ten (41%) view them as "only fair."
It's Bullshit!!!
What Other Common Sense Ideas Do You Have?
Just To Be Clear, Food Stamps Are Not In Fact, Bad
I DESPISE the "Food Stamp" bickering. You know who's on food stamps? You're picturing a "lazy" person not working. It's also the working poor (6.2 BILLION for Walmart employees ALONE), those with disabilities, the elderly, and military families.
However, people usually see their country's economy through their personal financial circumstances — and those can vary widely.
The top tenth of households by wealth are worth $7 million on average, while the bottom half hover around $51,000 on average, according to the Institute for Economic Equity at the Federal Reserve Bank of St. Louis.
$1,900,000,000,000,000,000?
Being Poor Is Expensive — Agree Or Disagree?
That is depressingly true. There are so many people who don't stand a chance from the moment they were born. It's not 'you don't try hard enough' or 'if you really want it, it will happen', it's the lack of access to good food, medical care, education, housing, not having to wonder whether you will be able to eat the next day or where you are going to sleep'. It means that the problems of homelessness, addiction, child abuse, vagrancy and crime will never be solved without a near-complete overhaul of how our society sees its members.
Supply And Demand Bro.. It’s Simple.. Don’t Buy That Thing You Need!!!¡!
A recent Brookings Institution analysis suggested the tone of news coverage can also have a strong influence on the disconnect between actual economic performance and how individuals perceive it.
Since 2018 — including during and after the recession sparked by COVID-19 — economic reporting has taken on an increasingly negative tone, despite economic fundamentals strengthening in recent years, the analysis found.
How Do You Handle Unexpected Bills?
Every damn time. Every new noise I hear on my 17 year old car makes me anxious.
Don’t Let Them Fool You
The Rich Shouldn't Pay More Taxes. The Government Should Spend Less. Disagree?
I disagree with the caption, which is unrelated to the meme. Ronald Reagan dismantled decades of progressive tax policies, effective destroying the middle class and sentencing the working class to lives of poverty.
What's The Worst Money Advice You've Ever Gotten? I’ll Go First:
What "should" be happening, is that WE should be kidnapping billionaires until they release a bunch of their money to the rest of us.
We would all like to hear that tomorrow is going to be brighter than today, but the aforementioned J.P. Morgan paper concluded that elevated trade tensions with China, the ongoing Russia-Ukraine war, and conflicts in the Middle East all point to continued uncertainties and risks heading forward.
Millions Of Cattle "Investing" In Brutal Corporate Oligarchy / Slaughterhouses, Occasionally Wondering Why Record Slaughterhouse Profits Entail Higher Costs And "Inflation"
And this is why billionaires will vote for trump. They said it themselves, his presedency would make them richer. Why low-income voters will give him their votes, I still don't know.
Smart Or Dumb To Get A Tax Refund?
He’s Not Wrong 🤷♂️
Homer Simpson is "average Joe". Well, he was in 1987 when the show started. Single income household with two cars and vacations! Homer Simpson. That comical figure (which was also comicaly fat at 240 pounds). Maybe something is wrong when Homer Simpson is not comical, but somebody we can aspire to be.
Are We All Being Scammed?
Sometimes i feel like americans only live in america because they can't afford to move (feel free to disagree and argue and tell me im dumb)
What Advice Would You Give This Person?
“Trickle Down” Reaganomics Created A Plutocracy
I feel like Robin Hood was right with the "make the rich give poor people money" idea because that is just wrong. They don't need all that money, but other people do.
Can’t We Just Have An Economy That Works For Everyone?
Rent Should Count Towards Your Credit Score. Agree?
I know this is a repost. Not cuz I've seen it before, but because where on god's earth is a mortgage only $950 nowadays?
Why Is Inflation Still High?
First Place In The Wrong Race
They had to pass a federal law saying the DR must tell you what a treatment/ appt will cost IF you ask. Why ? Because people were losing thier houses over medical debt so now they can say well we told you that life saving treatment was 200 grand & you agreed. Or you can say I will just die quietly in the corner so as not to leave my family in debt.
Where’s The Lie
So Many Zoomers Are Anti Capitalist For This Reason
There's a difference between social capitalism and locust capitalism.
Should It Be Illegal To Post Jobs Like This?
But $15.09 per hour is the interest charge on the school loan to get that masters degree.
Should Tips Be Shared?
What's The Best Career Advice You've Ever Got? I’ll Go First:
I was always afraid of this and told them i was ill but now i know the correct answer is 'none of your business'.
$19,000,000
The American Taxpayer
To all Americans: please, for the love of everything that is holy on this earth and beyond, VOTE IN THE 2024 ELECTION!! If we are going to have any chance of helping the country, Trump absolutely cannot win the election. I'm begging you to vote.
So why did Europeans (not counting the U.K.) drive out the admitted leftists, and then the leftists disguised as third-way parties like Macron's "renew Europe"? Could it be that things aren't so glorious in Europe, after all?
Load More Replies...This is depressing and insightful at the same time. I'm now, perhaps more than ever, thankful to live in the country I live in. Everyone has health care, minimum wages are reasonable, everyone gets a pension and there are benefits if you need them.
I think most of these are US based. They're k---d beyond recognition.
Load More Replies...I see everyone "thank God l'm not in the US" Well, let me tell you about the European "paradise" l live in: under certain annual income you don't need to do your taxes because you're exempt. Nice and fair, right? Well, here's the catch. If you earn that exact yearly income from a couple jobs because you can only get part time, not only do you have to do your taxes, you're taxed around 10%. How do l know? Because l'm the loser who has two or more part time jobs to make ends meet. The system is designed to crush the poor. Maybe even more so in the States, but certainly everywhere else. At this point I just want to watch everything burn.
To all Americans: please, for the love of everything that is holy on this earth and beyond, VOTE IN THE 2024 ELECTION!! If we are going to have any chance of helping the country, Trump absolutely cannot win the election. I'm begging you to vote.
So why did Europeans (not counting the U.K.) drive out the admitted leftists, and then the leftists disguised as third-way parties like Macron's "renew Europe"? Could it be that things aren't so glorious in Europe, after all?
Load More Replies...This is depressing and insightful at the same time. I'm now, perhaps more than ever, thankful to live in the country I live in. Everyone has health care, minimum wages are reasonable, everyone gets a pension and there are benefits if you need them.
I think most of these are US based. They're k---d beyond recognition.
Load More Replies...I see everyone "thank God l'm not in the US" Well, let me tell you about the European "paradise" l live in: under certain annual income you don't need to do your taxes because you're exempt. Nice and fair, right? Well, here's the catch. If you earn that exact yearly income from a couple jobs because you can only get part time, not only do you have to do your taxes, you're taxed around 10%. How do l know? Because l'm the loser who has two or more part time jobs to make ends meet. The system is designed to crush the poor. Maybe even more so in the States, but certainly everywhere else. At this point I just want to watch everything burn.