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

derekthompson.org

101–110 of 1001 posts

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

#101
There's a mentality I see in Americans as well as in the big European cities where everything has to be goal-oriented or you have to have accomplished something, even when taking vacations.

There's a stigma against just doing something for nothing, or even doing nothing and being lazy.

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

#102
Every man, woman, and child... are $113k in debt.

https://usdebtclock.org/

In terms of global trade currency policy, many are drafting a long term policy to trade in Yuan.

Pokemon cards and Bitcoin are better bets than most current bond markets.

People that can do the math, are less happy with the obvious implications. =3

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

#103
post #69

Earlier quoted context omitted.

Yeah I totally agree that income and happiness are not interchangeable, I'm just really tired of people lying about objective facts.

I have no quibble with the objective facts, but we are talking about happiness, and answers are being returned about wealth, and the discussion was talking about how wealth does not equate to happiness in some measures - particularly in terms of factors of life stability, like reasonable access to healthcare...

That's super cool, in this particular comment thread that's not what we're talking about.

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

#104

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 effe…

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

#105
Trust is a major theme & I agree. Beyond trust, I think individualism is another major theme, especially from the perspective of an Eastern cultural background. If too much of my time and energy is spent turning inward and focusing on myself, that feels completely opposite to what Buddhism teaches: letting go of self-grasping is the path to happiness.

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

#106
This was a great article. I particularly like that it even identified English speaking nations as a cohort.

There is no particular reason my personal preferences matter, but I have had a nagging feeling that all English speaking nations have been bedeviled by the fallout of the journalistic disaster that Murdoch has fostered.

> It’s not that I think the decline of institutional trust and the rise of solitary individualism ought to produce unhappiness for all who experience it. But trust, companionship, and community are shock absorbers in times of personal and national crisis. And the final thing that must be said about the 2020s is that it really has been one damn crisis after another.

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

#107
The article is smarter than the title makes it sound. He's not seriously proposing that being rich makes you happy. And he notes that there's a big drop around 2020 specifically, which long-term trends don't explain.

Just to state the obvious: 2020 was the year of COVID, which played hell with peoples' social lives.

And I think it's been pretty well-proven that happiness is largely driven by the strength and quality of our social relationships. Anything that cuts us off from our friends, or prevents us from forming new friendships, is going to be visible in the happiness data.

Judging by the stats, we haven't dug ourselves out of the post-COVID hole yet.

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

#108
post #70

Earlier quoted context omitted.

As an American, I don’t think of the suburbs when I think of rich people. I think of what’s left of our middle class just trying to do their best. Many of them probably have negative net worth when debt is considered. But they need public schools, they need big (relatively) affordable housing, they need strip centers with the same 5 restaurants every exit of the highway. When I think of wealth, I think of mostly inne…

It varies by location and by what we mean by rich. In New York, for example, you're totally right. But for most of America the model is country club + suburb, 6,000 sqft house with a pool, big public school district that is very well funded, SUVs, &c. for the "rich". And in some cities you actually have both. Where I live we have these big, wealthy suburbs (New Albany for example), Delaware County in central Ohio is…

The suburban wealthy are a little more McMansion/nouveau riche.

Some of these people meet a certain definition of "rich", as in they never have to worry about money. Most suburbanites are not rich by that definition, there's a mix of negative net worth "keeping up with the joneses" types and the single digit millionaires who are a little less flashy and careful with their money.

A useful example - I knew a guy who lived in Naperville and owned an insurance company, drove a hot Jaguar and lived in a huge house. When the housing market crashed, he gutted it and sold off all the parts he could before the bank foreclosed on it.

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

#109

I feel like wealthy americans live like poor Europeans - they live far outside the city in crowded suburbs, no amenities walking distance so they have to drive everywhere, having to commute an hour to their job, eating bad manufactured food... I'm American but moved to Europe years ago. It may be even better being poor here because at least you might live in a village and you'll have healthcare and your government wo…

I live in a nice suburb outside of Austin in the hills, and it's incredible. If I moved to Europe, I would still live outside of the city with some land where I have privacy. Living in a dense area is cool for some people, but not others.

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

#110

I feel like this is an easily answerable question, but I can see this because I grew up an atheist (and travel in those typically atheist/educated/professional circles) and have become much more aware/educated in/embracing of religion later in life myself. If you compare apples to apples - say my average atheist friend who is a director in a FAANG and also my religious friend who is also a director in the same FAANG.…

Sounds like you have two happy well-adjusted friends?
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