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Is the 'stuck' economy a global phenomenon? Americans share frustrations about not being able to get ahead despite education - is this a universal experience? (lemmy.ml)

submitted 2 days ago by [email protected] to c/[email protected]

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I've been noticing a recurring sentiment among Americans - frustration and disillusionment with the economy. Despite having gone to school, earned a solid education, and worked hard, many feel they can't get ahead or even come close to the standard of living their parents enjoyed.

I'm curious - is this experience unique to the United States, or do people in other countries share similar frustrations?

Do people in Europe, Australia, Canada, or elsewhere feel like they're stuck in a rut, unable to achieve financial stability or mobility despite their best efforts?

Are there any countries or regions that seem to be doing things differently, where education and hard work can still lead to a comfortable life?

Let's hear from our international community - what's your experience with economic mobility (or lack thereof) in your country?"

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[–] [email protected] 17 points 1 day ago* (last edited 1 day ago)

It's social ossification, an inevitable part of the systemic cycle.

The people at the top have wealth to enable all the best opportunities go to their children and friends' children.

So all the plebs are left struggling for scraps.

There are more children of mega-rich than mega rich, and even accounting for portion who flaunt off or abandon family path, than there are mega-top positions, so most of the second tier positions go to them too.

Then, of course, neoliberal policies have made things less equal so that the poorer you are you now need to work even harder and be even more exception than you did before.

Edit: am British. See it here, seen it over the pond and in (the PR of) China, too.