Is the U.S. Economic System Set Up to Prey on Working Americans?
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Is the U.S. Economic System Set Up to Prey on Working Americans?
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James Keys and Tunde Ogunlana take a look at Pope Leo XIV’s recent criticism of economies that have the wealthy live in “bubble of comfort and luxury” while marginalizing the poor and discuss some of the predatory aspects of the American economic system as well as how many of America’s most common economic measures may cover up how difficult things are for working people.
Pope Leo condemns economies that marginalize the poor while the wealthy live in a bubble of luxury (AP News)
More Americans are financing groceries with buy now, pay later loans — and more are paying those bills late, survey says (CNBC)
GoFundMe CEO says the economy is so bad that more of his customers are crowdfunding just to pay for their groceries (Yahoo! Finance)
As billionaire wealth soars $33 trillion, Mark Cuban says it’s time for workers to receive a cut of their employers’ success in the form of stocks (Yahoo! Finance)
Ray Dalio says America is developing a ‘dependency’ on the top 1% of workers, while the bottom 60% are struggling and unproductive (Fortune)