After reading this news story that half of Americans are skipping meals because of affordability and a bad economy, I have to ask how are you all doing out there?

I heard from a real estate agent friend of mine that REOs, i.e. bank foreclosures on home mortgages, are going up like crazy, which is a sign of bad times, like the recession of 2007-08.

I have heard from others about rents not being paid, lack of jobs, etc.

Every day, there’s more news of corporate layoffs, moreso than usual.

I live in the economic bubble of the SF Bay Area, where tech wealth more-or-less insulates me and mine from the most serious consequences of a bad economy, but how are things elsewhere?

  • hexagonwin@lemmy.today
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    1 day ago

    am in south korea… samsung/hynix semiconductors are selling like crazy and that heavily lifts the numbers like GDP, but actual economy feels terrible overall. living prices are rising heavily while wages are stagnant.