In your experience, how broken is your country's economy?

[inquisitor]

Think deeply about the answer you'll be choosing. Also share a bit about which country you're from, the sector you belong in, how long you've been working, and what made you decide on your poll answer.

Feel free to add more about what you think must have gone wrong (or if it's going well, then gone right), with emphasis on your personal experience.

 

[Divorced w 3]

The Lord himself couldn’t have imagined the greatness of the American economy.

 

[BackInTheGame78]

The Lord himself couldn’t have imagined the greatness of the American economy.

Careful...pride cometh before the fall...that $37 Trillion in debt and acceleration faster and faster with every passing second eventually will cause major issues because nobody wants to be the one who fixes them right now due to being afraid of the repurcussions of that...

But when there is no other choice the fixes will be far harder and more extreme.

 

[Bible_Belt]

According to the stats on US consumer spending, things are great if you are in the top 10-20%. Those people are extra confident because they have shared in the stock market's rise. If it all turns out to be a bubble that pops, they will likely feel differently.

 

[jhonny9546]

I'm Italian.
I live in Italy.
From what I see and my experience, small businesses do better than salaried workers.
If all you're looking for is an average life and being able to save €200-500 a month, then salaried work might be for you.
If you're aiming for wealth, the only way is to have your own company, be a freelancer, or work for yourself.

The problem with the Italian economy, besides the extremely high taxation, is that there are too many elderly people whose pensions young people have to pay. This increasingly increases the tax burden while these people live off their income.

Furthermore, Italy isn't a nation with a strong presence of innovation or one that keeps pace with other nations.
Italy is primarily tied to the "nostalgia" sector. So art, tourism, food. And all services revolve around this.

So, unless you're a wealthy heir to a company tied to these two things, you'll struggle to stand out, and you'll have to choose between: expatriating to countries that could provide you with a modern lifestyle, or staying and finding a profitable niche in these few sectors.

 

[corrector]

I’m in Canada, and the strain is obvious. Food bank use has exploded, homelessness is visibly higher, and housing costs have priced out people who are working full-time or even multiple jobs. For many, it’s paycheck to paycheck until burnout hits — I’m currently on stress leave myself.

There’s growing pressure on food banks and the public healthcare system, and it raises real questions about how sustainable things are for families, seniors, and vulnerable people if conditions don’t improve.