Many respondents believe the US economy is already in dire straits, the poll found

More than four in 10 Americans believe the country is heading toward a complete economic meltdown within the next decade, according to a new poll.

The survey, released by YouGov on Wednesday, shows Americans are more worried about the economy than potential threats to the democratic system or the prospect of civil war.

42% of respondents said it is very or somewhat likely that there will be “a total economic collapse” in the next 10 years, while a smaller share, 38%, described this outcome as unlikely.

Financial anxiety ran much higher among Democrats, 53% of whom feared an economic breakdown, compared with just 28% of Republicans.

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[–] 24 points 5 months ago* (9 children)

Definitely when the AI bubble pops there will be a financial collapse.

It's propping up basically our entire economy.

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  • [–] 22 points 5 months ago (7 children)

    That would be just a normal recession. Between fucking with the Fed and basically doing everything possible foreign-policy-wise to destroy the dollar as the world's reserve currency, Trump's policies are capable of being way more disastrous than that. Think Weimar Republic-style, "wheelbarrow of cash to buy a loaf of bread" hyperinflation.

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  • [+] -9 points 5 months ago (6 children)

    No it will not at all be a "normal recession". The AI industry makes up ~98% of GDP at this point.

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  • [–] 25 points 5 months ago (5 children)

    98% of GDP growth is not the same as "98% of GDP." You're citing a velocity as if it's a magnitude.

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  • [+] -7 points 5 months ago (4 children)
  • [–] 11 points 5 months ago (3 children)
  • [+] -6 points 5 months ago (2 children)

    Ohhh, you make a compelling argument.

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