It’s happening because young people are chronically online and feel like they’re constantly receiving “bad news,” she said. “It makes them feel like Armageddon.”
It’s not rocket science, when a carton of eggs is inexplicably $12 it’s pretty fucking easy to figure out I’ll never own anything.
This is backwards logic. The real world creates the panic and the internet is a reflection of it.
The world could end and libs are going to call it Vibe-ageddon or the Vibepocslypse and blame it on the damn millenials on Tiktok before acknowledging reality.
"People think the world is bad because of vibes, not material reality" is basically the one core talking point of neoliberalism, so I'm not surprised anytime any Western article about basically anything takes this line. Ignoring reality in favor of vibes based analysis is the core belief of neoliberalism.
"If we look at the averages of wealth that are heavily skewed by the staggeringly obscenely rich, you should be celebrating that average while vibing your way through poverty"
"People think the economy is bad just because they can go on the internet and talk to other people and it turns out nobody has any fucking money except 20 billionaires."
MFW finishing a STEM degree and going away to college again is my "doom spending".
The economy is so fucked I'm considering using my savings on a modern day PERMISSION SLIP TO WORK THAT NO ONE CARES ABOUT!
All I want is to GTFO my parents' basement, make some friends, and participate in society but the job market won't let me because I'm not a PhD Harvard valedictorian with 20+ years of experience.
"Doom spending," the new media term from the same people who harp on why it's important that inflation be constant lest people not spend all their money all the time to keep the economy afloat
The fuck is "doom spending" anyway? Like people spending their money as soon as they get it because it won't be worth as much the next day? I know I find myself doing that. It's how you deal with inflation when you're not bourgeois.
i think it's more like "i technically have the money to buy (expensive thing i don't need) and i know i probably can't afford it in the long run but fuck it, i'm gonna be broke either way"
turns out, watching the global climate get worse faster every year with nothing being done about it makes you feel like there's no reason to save for the future :) I cashed out my meager 401k a few years ago for some padding/spending money because there's 0 reason to save for a retirement I will never make it to. fucking bleak!