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Joined 1 year ago
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Cake day: July 3rd, 2023

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  • IMO, there have been some pretty robust (comparatively) wage gains in America since 2020, relatively few layoffs until recently, a lot of savings from a bunch of places (deferred travel, a break from commuting and childcare costs), some other benefits (mortgage deferrals, locking in low mortgage rates, initially paying down debt, inheritances from dead relatives), and some really strong equities performance. Added together there are a lot of folks with sufficient resources to handle high interest rates so far when otherwise they wouldn’t have.

    Of course, this is also why consumer spending and inflation have also been so resilient in the face of higher interest rates.








  • No_Eponym@lemmy.catoScience Memes@mander.xyzSpider cats
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    6 months ago

    So many spiders have fallen prey to the cats kept by humans, the great oppressors of spiders. And yet, instead of rising up against this oppression, some spiders have internalized the image of the oppressor, adopted the guidelines of the oppressor, and now seek to build the spider-frog equivalent of a “Catio.”