Who Can Afford to Spend Money?

"The recent surge in reports of job losses among major multinational corporations, including online retailers, traditional retail giants, and even daily online newspapers, raises an important question: How are consumers coping with the psychological stress stemming from such turbulent economic conditions? As consumers, individuals and family groups contribute to the wealth of billionaires by purchasing their products and services."

"The sustainability of a system that promotes generational and billionaire wealth hinges on consumer spending. However, the disparity between the top 1% and others has been steadily increasing at an alarming rate over the past decade. Without disposable income, the intricate balance of this economic structure becomes untenable. Consumers face the challenge of reconciling their need for survival and a fulfilling life with the desire to secure an income that does not infringe upon others' rights to fair compensation."

"In light of these challenges, consumers can take proactive steps to reassess their financial situations, identifying necessary adjustments to stabilize their spending. Those with stable incomes can cultivate empathy for those facing financial hardships and explore ways to foster community support. In a capitalist framework, it is likely that everyone will encounter income disruptions at some point, making it essential to build resilience and solidarity within society today."

Job losses at major multinational corporations are increasing psychological stress among consumers facing turbulent economic conditions. Consumers and family groups fund billionaire wealth through purchases while owners sometimes evade taxes, shifting financial burdens onto consumers. The sustainability of generational and billionaire wealth depends on continued consumer spending, but rising disparity between the top 1% and others threatens that model. Lack of disposable income undermines economic balance and forces consumers to balance survival needs with fair-income principles. Consumers can reassess finances, stabilize spending, and those with stable incomes can foster empathy and community support. Building resilience and solidarity is essential as income disruptions are likely in a capitalist framework.

Read at Psychology Today