Comment by joveian
6 hours ago
A quick look at your comments history suggests you are in the US. Of course individual circumstances can vary but overall looking at median disposable income adjusted for purchasing power parity (median equivalised household disposable income), the US is the wealthiest non-tiny country in the world (tecnically this data only covers the OECD and Luxembourg, a country smaller than many US cities, is the wealthiest).
https://www.oecd.org/en/publications/2024/06/society-at-a-gl...
The statistics may suggest that but it rarely feels that way.
It’s hard to not feel financially insecure from mid-teens through mid 30s-40s in age. And after then, there is just a sense that things will work out if one doesn’t screw up employment, house purchase, or face unexpected health issues. The less prudent can easily trip and fall, metaphorically speaking. Plus childcare expenses and retirement savings easily soak up any remaining disposable income…
And while historically inflation has been modest, the last 5-10 years show otherwise…