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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.

#1

Income Over $1 Billion Be Taxed 100%. Agree Or Disagree?

Income Over $1 Billion Be Taxed 100%. Agree Or Disagree?

YOU_ARE_MY_FRIENDS Report

#2

What's Destroying The Middle Class?

What's Destroying The Middle Class?

thatanglo Report

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.

#3

How Can We Fix This?

How Can We Fix This?

JYSexton Report

#4

Taxing The Rich Is Our Best Solution Until We Can End Capitalism In This Country

Taxing The Rich Is Our Best Solution Until We Can End Capitalism In This Country

Inevitable_Stress949 Report

#5

So Much This. It’s Not Minorities. It’s The 1%

So Much This. It’s Not Minorities. It’s The 1%

paywallpiker Report

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"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.

#6

But I Thought Money Can't Buy Happiness?

But I Thought Money Can't Buy Happiness?

caitiehannan Report

#8

He’s Not Wrong. Very Depressing. Crazy To Think About

He’s Not Wrong. Very Depressing. Crazy To Think About

TayZonday Report

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#9

Tax Breaks For The Ultra Rich Are Not A Fix

Tax Breaks For The Ultra Rich Are Not A Fix

RightNutt25 Report

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.

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(Economists polled by Reuters had forecast a preliminary reading of 72.0.)

Before the coronavirus pandemic, the index stood at 101.

#10

Would You Quit Your Job To Flip Burgers For $350,000 A Year?

Would You Quit Your Job To Flip Burgers For $350,000 A Year?

KylePlantEmoji Report

#11

Is The American Dream Dead?

Is The American Dream Dead?

TreJames_ Report

#12

Mom Said It's My Turn To Post This

Mom Said It's My Turn To Post This

Biocockspeedrunner Report

#13

Should There Be A Wealth Tax? Smart Or Dumb?

Should There Be A Wealth Tax? Smart Or Dumb?

NotAnotherTaxAudit Report

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."

#14

It's Bullshit!!!

It's Bullshit!!!

Peace_And_Happiness_ Report

#15

What Other Common Sense Ideas Do You Have?

What Other Common Sense Ideas Do You Have?

RightNutt25 Report

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#16

Just To Be Clear, Food Stamps Are Not In Fact, Bad

Just To Be Clear, Food Stamps Are Not In Fact, Bad

paywallpiker Report

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Kurtz Frausun
Community Member
5 months ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

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.

The Shark
Community Member
Premium
5 months ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I agree. Not to mention the unfortunate reality that likely leads to that "lazy" perception, is the income limits for government programs are so restrictive, and wages are so low that making more money at a job often won't even equal the amount allowed plus meager benefits. So losing them by working more leaves people hungrier and worse off...

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Wintermute
Community Member
5 months ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Imagine it this way. Count down from 8. How long that take? 8 seconds. That represents the 8 wealthiest individuals (not even corps) in the world. Now start from the other end and count up. To reach the equivalent of those 8 people's wealth, you'd have to count people for 126 YEARS.

Geoffrey Scott
Community Member
5 months ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

My disabled wife complained that our checkout person wondered if her (Mich) Bridge card would pay for the 40# box of chicken quarters we bought.."Yes, it would, and I'm sure the taxpayers would be happy you made a smart move like that". Later..."dear, are you aware people judge you for not being able to physically work a 40 hr job? This girl is working and needs help, I'm HAPPY to pay it."

Philly Bob Squires
Community Member
5 months ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Same as our poiliticians voting themselves a 35K per year pay increase but denies kids a school lunch. Our taxes gotta go somewhere so why not into their pockets?

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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.

#17

$1,900,000,000,000,000,000?

$1,900,000,000,000,000,000?

Public_Citizen Report

#18

Being Poor Is Expensive — Agree Or Disagree?

Being Poor Is Expensive — Agree Or Disagree?

jjfitzgeraldMD Report

#19

Supply And Demand Bro.. It’s Simple.. Don’t Buy That Thing You Need!!!¡!

Supply And Demand Bro.. It’s Simple.. Don’t Buy That Thing You Need!!!¡!

Wide_Preparation8071 Report

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.

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#20

How Do You Handle Unexpected Bills?

How Do You Handle Unexpected Bills?

atomdatcom Report

#21

Don’t Let Them Fool You

Don’t Let Them Fool You

djscuba1012 Report

#22

The Rich Shouldn't Pay More Taxes. The Government Should Spend Less. Disagree?

The Rich Shouldn't Pay More Taxes. The Government Should Spend Less. Disagree?

YOU_ARE_MY_FRIENDS Report

#23

What's The Worst Money Advice You've Ever Gotten? I’ll Go First:

What's The Worst Money Advice You've Ever Gotten? I’ll Go First:

MattBellassai Report

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.

#24

Millions Of Cattle "Investing" In Brutal Corporate Oligarchy / Slaughterhouses, Occasionally Wondering Why Record Slaughterhouse Profits Entail Higher Costs And "Inflation"

Millions Of Cattle "Investing" In Brutal Corporate Oligarchy / Slaughterhouses, Occasionally Wondering Why Record Slaughterhouse Profits Entail Higher Costs And "Inflation"

xena_lawless Report

#25

Smart Or Dumb To Get A Tax Refund?

Smart Or Dumb To Get A Tax Refund?

SweetOnionBreath Report

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#26

He’s Not Wrong 🤷‍♂️

He’s Not Wrong 🤷‍♂️

YOU_ARE_MY_FRIENDS Report

#27

Are We All Being Scammed?

Are We All Being Scammed?

Mooshisdad Report

#28

What Advice Would You Give This Person?

What Advice Would You Give This Person?

FunReindeer69 Report

#29

“Trickle Down” Reaganomics Created A Plutocracy

“Trickle Down” Reaganomics Created A Plutocracy

RBReich Report

#30

Can’t We Just Have An Economy That Works For Everyone?

Can’t We Just Have An Economy That Works For Everyone?

YOU_ARE_MY_FRIENDS Report

#31

Rent Should Count Towards Your Credit Score. Agree?

Rent Should Count Towards Your Credit Score. Agree?

SexyProfessional Report

#32

Why Is Inflation Still High?

Why Is Inflation Still High?

YOU_ARE_MY_FRIENDS Report

#33

First Place In The Wrong Race

First Place In The Wrong Race

TheMemeingOfLife8008 Report

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#34

Where’s The Lie

Where’s The Lie

reddit.com Report

#35

So Many Zoomers Are Anti Capitalist For This Reason

So Many Zoomers Are Anti Capitalist For This Reason

sleepisocialist Report

#36

Should It Be Illegal To Post Jobs Like This?

Should It Be Illegal To Post Jobs Like This?

StrictlyChristo Report

#37

Should Tips Be Shared?

Should Tips Be Shared?

SexyProfessional Report

#38

What's The Best Career Advice You've Ever Got? I’ll Go First:

What's The Best Career Advice You've Ever Got? I’ll Go First:

TonyLiberty Report

#39

$19,000,000

$19,000,000

WhatAreYourPronouns Report

#40

The American Taxpayer

The American Taxpayer

Mrsaloom9765 Report

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#41

How Do We Fix It?

How Do We Fix It?

WhatAreYourPronouns Report

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#42

Brilliant For The Rich, But Very Painful For The Rest

Brilliant For The Rich, But Very Painful For The Rest

Pickle-Sucker Report

#43

Smart Or Dumb?

Smart Or Dumb?

biz_tank Report

#44

Is $1 Million Still Enough For Retirement?

Is $1 Million Still Enough For Retirement?

Pickle-Sucker Report

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#45

Capitalism Is A Horrible Economic System That Only Benefits The Rich And Corporations

Capitalism Is A Horrible Economic System That Only Benefits The Rich And Corporations

Inevitable_Stress949 Report

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#46

How Much Do You Have Invested In Your 401k?

How Much Do You Have Invested In Your 401k?

Mark-Fuckerberg- Report

#47

Get Fluent

Get Fluent

reddit.com Report

#48

Different Times Different Goals?

Different Times Different Goals?

Financial_Mechanic_ Report

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#49

Just Buy A House Isn’t An Option For 61% Of Americans

Just Buy A House Isn’t An Option For 61% Of Americans

Howdydobe Report

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#50

How It Started vs. How It's Going

How It Started vs. How It's Going

BlaringMarmoset Report

#51

"Everyone Is A Genius In A Bull Market"

"Everyone Is A Genius In A Bull Market"

Frosty-The-Doughman Report

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#52

The Housing Market In 2023:

The Housing Market In 2023:

TonyLiberty Report

#53

If Only Houses Were $300,000!

If Only Houses Were $300,000!

Mark-Fuckerberg- Report

#54

There You Have It Folks. People Can’t Buy Houses Because We Can’t Stop The Party

There You Have It Folks. People Can’t Buy Houses Because We Can’t Stop The Party

Gone_Mads Report

#55

Why Is Housing So Expensive These Days?

Why Is Housing So Expensive These Days?

whicky1978 Report