• morphballganon@lemmy.world
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    7 months ago

    You’re thinking about it like it’s some abstract future event. It’s not. It’s a very real thing, not limited to the future. There are people who are broke right now, and people have been going broke for a very long time.

    There isn’t a point in time where everyone goes broke. People go broke at a rate. If you wait until everyone is broke you’ll be waiting forever.

    The thing that’s wrong with the current financial reality is that the rate at which people go broke has increased. This means more homeless people on the streets than there were, say, 25 years ago.