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If America's so rich, how'd it get so sad?

derekthompson.org

21–30 of 1001 posts

Re: If America's so rich, how'd it get so sad?

#21

because America's not rich; like 100 people here just have more money than most countries

That's just objectively untrue. https://worldpopulationreview.com/country-rankings/median-in...

Median doesn't say anything about the extremes and income isn't wealth.

Re: If America's so rich, how'd it get so sad?

#22
post #4

Relentless striving without any kind of real meaning isn't healthy. Even people who aren't deeply Christian in the religious sense are still inherited of much of the values. I.E. people must prove their value via an extraordinary work ethic.

I wouldn't call that 'Christian'. The 'extraordinary work ethic' exists in Japan, too. Not very Christian over there.

Re: If America's so rich, how'd it get so sad?

#24

because America's not rich; like 100 people here just have more money than most countries

That isn't a coherent argument; the latter does not support the former. The median American has a lot of money and disposable income compared to almost any other country.

A lot of money, but disposable? HCOL takes up the slack in so many cases.

Re: If America's so rich, how'd it get so sad?

#26
post #4

Relentless striving without any kind of real meaning isn't healthy. Even people who aren't deeply Christian in the religious sense are still inherited of much of the values. I.E. people must prove their value via an extraordinary work ethic.

More Protestant than Christian.

Re: If America's so rich, how'd it get so sad?

#27
> What’s more, Peltzman’s analysis finds that some of the largest declines in happiness seem concentrated among well-to-do demographics, like older people, white people, and college graduates.

The same demographics that are the most likely to have gone from working in the office to working from home...

Re: If America's so rich, how'd it get so sad?

#28

When I see a sudden drop in 2020, my first reaction is "COVID." For a lot of people that was a pivotal moment with persistent consequences. My second guess would be politics. I have met few people in the last few years that do not seem unhappy as a direct result of our political battles. Families actually breaking up over it, etc. Now I will go read the article ;-)

I'm actually sure COVID is a big part of it. It causes neurological changes that affect behavior. Look at road safety data since 2020, it strongly supports that something is wrong.

There's been a massive increase in high risk behaviors, an increase in road rage, and a spike in traffic fatalities since COVID.

If COVID brain damage affects motor vehicle operation, it wouldn't be so far fetched to say it negatively effects happiness and overall wellbeing. Covid causes a loss of grey matter affecting impulse control and emotional regulation.

If millions of people have brain damage affecting impulse control and we are all collectively quick to anger now, which will manifest as collective frustration and unhappiness.

Not unlike the theory of Lead poisoning causing crime in the 70s and 80s. Our generation may be suffering a similar fate as a result of COVID.

Re: If America's so rich, how'd it get so sad?

#30

Earlier quoted context omitted.

That's just objectively untrue. https://worldpopulationreview.com/country-rankings/median-in...

- Around 76% of Americans are living paycheck to paycheck. - 71% of adults say that their monthly debt payments prevent them from saving. When we say America, we can't just mean the 20% who are ok. It has to mean the 70% who aren't. America is not rich. It used to be. It is not now.

> living paycheck to paycheck.

This phrase is used so often, but I don't know how meaningful it is supposed to be

A family might make $300,000 a year and be living "paycheck-to-paycheck" while also maxing out 401k contributions, paying a mortgage on a $2 million home, and paying $80,000 a year in private school tuition.

Are we supposed to think that such a family is in worse financial shape than a family making $40,000 a year but with minimal expenses and a few months of living costs in a savings account?

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