Many respondents believe the US economy is already in dire straits, the poll found

More than four in 10 Americans believe the country is heading toward a complete economic meltdown within the next decade, according to a new poll.

The survey, released by YouGov on Wednesday, shows Americans are more worried about the economy than potential threats to the democratic system or the prospect of civil war.

42% of respondents said it is very or somewhat likely that there will be “a total economic collapse” in the next 10 years, while a smaller share, 38%, described this outcome as unlikely.

Financial anxiety ran much higher among Democrats, 53% of whom feared an economic breakdown, compared with just 28% of Republicans.

  • BlakeFox808@lemmy.world
    link
    fedilink
    arrow-up
    14
    ·
    7 days ago

    MIT stats says it’s less than 10 years. Expects world wide full breakdowns by 2030 due to climate change. You thought the holocaust was bad.

    • krisevol@lemmus.org
      link
      fedilink
      English
      arrow-up
      1
      ·
      7 days ago

      Climate change won’t be the cause, it’s the debt we have been building up for the last 2 decades.

  • katy ✨@piefed.blahaj.zone
    link
    fedilink
    English
    arrow-up
    12
    ·
    7 days ago

    people be like “we don’t hate republicans; we just hate their policies” and i’m like nah fuck that if every elected republican politician died i’d be celebrating.

    • Earthman_Jim@lemmy.zip
      link
      fedilink
      arrow-up
      1
      ·
      7 days ago

      Every day I wake up hoping it’s the day that Donald Trump is no longer politically active. That’s a real earned hate that I actually wish I didn’t have.

  • DarkFuture@lemmy.world
    link
    fedilink
    English
    arrow-up
    12
    ·
    7 days ago

    I mean, it keeps happening.

    And we have to keep watching Boomers live their best lives while knowing we won’t have what they have.

    So yeah, the pessimism is warranted.

    • krisevol@lemmus.org
      link
      fedilink
      English
      arrow-up
      1
      ·
      7 days ago

      They have what they have because they produced the best products in the world, and were more than 50% of the worlds GDP. They then offshored all the jobs overseas and the country is living on borrowed money. We are only 24% of the worlds GDP now, so even if we had zero debt, we would have half the life boomers did. The only way we will have their life is convincing the world to lend us money and passing off the debt to the next generation.

  • TwilitSky@lemmy.world
    link
    fedilink
    arrow-up
    12
    ·
    7 days ago

    Don’t we always fear this and rightfully so because every 10 years we have an economic meltdown now?

  • Bronzebeard@lemmy.zip
    link
    fedilink
    arrow-up
    9
    ·
    7 days ago

    Years? Try months. Second year of his first term was when the economy first stumbled.

    It’s weird that Republicans aren’t more fearful given that farmers got crushed last year, and fertilizer prices are skyrocketing this year. Both due to the pedophile.

    • JustAnotherPodunk@lemmy.world
      link
      fedilink
      arrow-up
      7
      ·
      7 days ago

      As a farmer who warned my friends and neighbors about this fact during and after the election, the déjà vu of all of this is absolutely not worth the wait. We’ve literally been here before. And it was bad bad.

      I’ve never wanted to say “I fucking told you so”

      I still don’t.

      But here we are. And they still somehow have no idea. Its fucking wild.

      The worst part is knowing and being powerless despite it all. The most frustrating ones are the people that see the signs and are preparing. Hell they will probably survive it too. Lick their wounds and trudge on again. But they never once hit the point where they realize their actions are the reason this is happening.

      I’m hitting the point where I don’t dread the collapse anymore. In the most nhiallistic of senses, Im starting welcome it. And I’m so damn disappointed that it’s gotten to this point.

    • whoisearth@lemmy.ca
      link
      fedilink
      arrow-up
      4
      ·
      7 days ago

      As do many who come from nothing or have nothing.

      I’m thankful as a Canadian I came from meagre beginnings and my dad was a post-war baby in bombed our London. I have first hand experience in knowing what nothing is.

      Let it burn.

  • LoafedBurrito@lemmy.world
    link
    fedilink
    arrow-up
    7
    ·
    7 days ago

    My 401k has lost 7% since the war. Trump has ruined all of our savings and investments. I also have to cancel all my trips cause gas is too expensive.

    • NewSocialWhoDis@lemmy.zip
      link
      fedilink
      arrow-up
      2
      ·
      7 days ago

      Yea my retirement account has lost however much. And every single morning I still wake up and will the market to drop like lead.

      Unfortunately, it’s being manipulated from the top at this point, and it won’t drop until they’ve all safeguarded their money.

  • NewSocialWhoDis@lemmy.zip
    link
    fedilink
    arrow-up
    5
    ·
    7 days ago

    Republicans have no idea how the system works (worked). Of course they don’t realize what we’re doing will cause collapse.

    Fear is a strong word for it though. I feared it for the last 6 or 7 years. Now I know it’s the only way. The only way out is through it. If any amount of suffering enables us to quit bombing small children, then bring it.

    Am I worried about me and my children surviving? Yes, but I’m worried the rich will eat us either way. I hope we do it smart, and organize, and move en masse while the oligarchs are weakened.

    • TronBronson@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      6 days ago

      Well, it is a faith based financial system. Those ignorant Republicans are full of faith. It makes the system strong. Their ignorance might be the cornerstone, holding it all together at this point.

    • Godric@lemmy.world
      link
      fedilink
      arrow-up
      4
      ·
      7 days ago

      I don’t think you know what you’re hoping for.

      Does the prospect of societal breakdown, warlordism, loose nukes, and mass starvation really sound nice to you?

      • Bluescluestoothpaste@sh.itjust.works
        link
        fedilink
        arrow-up
        5
        ·
        7 days ago

        Well, if it’s inevitable then yeah probably better to get it over with asap, like yeah ideally trump gets a heart attack and we prosecute all the child rapists in Washington and restore the global order and resume the march of progress in solidarity. But idk i think trump dies and they just keep going with this reactionary bs until we get WW3 and US has to surrender to the allies.

        Better for that to happen via economic crisis now than full blown military ww3 crisis in a couple years.

      • CircaV@lemmy.ca
        link
        fedilink
        English
        arrow-up
        4
        ·
        7 days ago

        Don’t care as long as the US falls apart like the USSR did in 1991. It doesn’t deserve to exist in its present form.

          • CircaV@lemmy.ca
            link
            fedilink
            English
            arrow-up
            2
            ·
            edit-2
            6 days ago

            Same as what happened when the USSR collapsed. The nukes ended up in what is now Belarus, Kazakhstan, Ukraine and Russia. Ukraine gave theirs up, they regret that now.

            Those fucking Magas can have their very own landlocked country. And do whatever TF they want in it. They can have their white straight Christian nationalist gilead. They just won’t be able to be the world police, kidnap heads of state, constantly punch down by embargoing struggling Latin American countries, start world wars or tank the world economy on the whims of an 80 year old demented reality show host anymore. The US needs to break apart and the sooner that happens - the better.

      • rumba@lemmy.zip
        link
        fedilink
        English
        arrow-up
        2
        ·
        7 days ago

        I think the concept is that nothing is a strong enough catalyst for change. The overton window is slid so far right now, you either support all the billionaires or most of the billionaires. If it all implodes, the idea is that people will mobilize and we’ll be executing them in the streets.

        I don’t know that it will be enough even at that, but we’re ceraintly not going anywhere sane as it sits now.

        • krisevol@lemmus.org
          link
          fedilink
          English
          arrow-up
          1
          ·
          7 days ago

          But most of American billionaires wealth is in stock evaluations. If the economy collapses billionaire will have nothing of value to extract from.

          • rumba@lemmy.zip
            link
            fedilink
            English
            arrow-up
            1
            ·
            5 days ago

            except for mansions, and yachts, and gold, and silver, assets in companies, IP, Paintings, and cars and jets and …

  • Hanrahan@slrpnk.net
    link
    fedilink
    English
    arrow-up
    2
    ·
    6 days ago

    Many respondents believe the US economy is already in dire straits, the poll found

    and here was me briefly thinking they were reforming :)

    an old Kenny Evertt joke, when he introduced them on his show, “many people say the country is in Dire Straits but today, Dire Straits are in the country”. The first time I heard Roller Girl.

    and a “Lemmy” side note, first time I saw/heard Motherhead was when they did Ace of Spades on his show