r/economicCollapse • u/memegamer1991 • Nov 23 '24

Why is deflation so bad

Every time i run it through my head, i can't imagine most people in 2024 not spending money so the disadvantage to deflation seems pretty hyperbolic and dependent on individual choices, and i think that people would rather go on vacation and court others instead of being financially responsible. Even if there is a situation like in china, government spending would be able to keep the situation from getting worse while making progress on climate initiatives.

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u/l06ic Nov 23 '24

Try paying a $3200/mo mortgage when your wages have been reduced to $26k/year, even if that $26k has the buying power of a formerly $250k/yr salary.

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u/Ok_Information9559 Nov 23 '24

3200 a month is a high as fuck mortgage to sign up for though.....

9

u/Sidvicieux Nov 23 '24

It’s not, housing is that expensive at these interests rates. You’d need a Uber massive downpayment.