r/millenials 27d ago

META 🗣️ Everyone relax, it's just a transition period where America is transitioning from a first world country to a third world one

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657 Upvotes

38 comments sorted by

68

u/Orlando1701 27d ago

Texas getting its wish to be a third world theocracy!

24

u/Darryl_Lict 26d ago

You know, if I were a billionaire, I'd rather live it in a strong economy. It's not like their lives would be vastly different. These oligarchs who want most of the people poor should be fearing the upcoming Reign of Terror.

23

u/kingie_d 26d ago

It's pretty crazy to witness the fall of the American Empire in real time

17

u/EcstaticDeal8980 26d ago

We are absolutely crashing.

40

u/WholesomeSmith 26d ago

It's always been a third-world country cosplaying as a first-world one. The facade just stopped

7

u/BlaktimusPrime 26d ago

Boom. Quote of the day. 🤝

43

u/BackgroundNPC1213 26d ago

The cheap materials in America's ripoff Gucci belt are just finally deteriorating. We've been third-world-in-a-Gucci-belt for a while now

1

u/sw337 26d ago

That’s such a ridiculous statement.

https://en.m.wikipedia.org/wiki/Human_Development_Index

https://www.oecdbetterlifeindex.org/#/11111111111

https://en.m.wikipedia.org/wiki/Median_income

Branko Milanovic (2010) provides data showing where people in different income ventiles (twentieths of the distribution) in several countries fall within the world’s income distribution. He finds that the income of the poorest 5 percent of Americans puts them at the 68th percentile of the world’s income distribution in 2010. Poor Americans are rather rich by the world’s standards today.

https://www.independent.org/publications/tir/article.asp?id=1744

23

u/Weary-Inspector-6971 26d ago

Hahahahahaha. Good. Maybe we’ll learn our lesson this time.

19

u/PoorFilmSchoolAlumn 26d ago

Like we did after his first term?

5

u/SandiegoJack 26d ago

Like we didn’t from the civil war

11

u/Feline_Fine3 26d ago

Is this what Trump was talking about when he said it was gonna hurt for a little bit before it got better? Such a clown.

18

u/manikwolf19 26d ago

I thought we were entering a golden age 🙃

8

u/Ok_Low_1287 26d ago

We are now a shithole country

5

u/mersalee 26d ago

It's just the boomers' spare money getting a reality check. They'll get the pension they deserve after ruining the planet.

4

u/bored_ryan2 26d ago

This is the plan: third world country = third term (and beyond) President.

4

u/kiffmet 26d ago

The stock market is a casino based on greed and imaginary worth anyways. Nothing of real value was lost.

8

u/DadOnHardDifficulty 26d ago

I'm buying it up too nom nom nom.

6

u/emptyfish127 26d ago

Smart man gobble it up.

2

u/feminismbutsoft 26d ago

putsputsputsputs

3

u/darkbake2 26d ago

Strap yourselves in friends

3

u/tinyspeckofstardust 26d ago

When I heard on Meidas that everyone’s 401k and pensions and other funds are disappearing I thought well us millennials are immune, we’ve been preparing our whole lives for this!

3

u/Khoover917 26d ago

Yeah, we just don’t have a 401K! No 401K=no losses in it! 😂

4

u/marja_aurinko 26d ago

Looking at the little pile of money that I saved for my retirement go down is like the next bs I really did not need. Can we not have anything nice for once?

2

u/EggplantGlittering90 26d ago

Are we winning yet?

2

u/Sure-Ad-2465 26d ago

I mean what we really need is to break away from people's livelihoods and by extension their health and well-being being dependent on the stock market / hyper-capitalist economic engine. But that won't happen lol 🤷‍♂️

2

u/Tiny-Ad4955 26d ago

And there’s trumpturds out there who are ok with this,

2

u/Bored_Amalgamation 26d ago

I already cut my 401k contribution down to 3%. My YTD return rate went from 10% in early feb to -4.9% now.

2

u/Blacksun388 26d ago

America is a third world country with iPhones.

2

u/HybridPS2 26d ago

is this the "red wave" that MAGA predicted?

1

u/dryeraser 26d ago

😂😂😂

1

u/Melgel4444 26d ago

Ultimate crash out smh

1

u/willwork4pii 26d ago

We're already third world. Everything else is just catching-up. Quite the delay.

1

u/olgassaffron 26d ago

This. I’m watching my retirement savings dry up overnight so I have no fks to give for Elon

1

u/Weak_Swimmer 26d ago

Lol, gotta love the Biden cession /s What a clown