The economy is bad because the poor have no money.

[Abiky]

This poor economy is sometimes due to the difficulty of people finding work, leaving them with only enough income to cover their daily needs, with no funds left over to save or invest. I believe many families are struggling in this area, but I believe it's not because they don't want to improve; they may be making efforts, but because the difficulty in finding work is the problem.

If it's hard to find work these days due to the tight labor market, then what have governments been telling us? Nothing but pure lies. I'd take the US as an example for this. It claims its economy is healthy, but in reality, many people are unemployed while inflation continues to rise (stagflation). I think the EU is in the same boat. We can all blame the COVID-19 pandemic for this mess.

Unbounded government spending has led us to the point where we are right now. It's going to take a long time (if any) for things to go back to normal. And now with AI aiming to replace human jobs, things will only get worse. Fingers crossed we'll see "light at the end of the tunnel" soon.

[Salahmu]

I totally agree to this cause money isn't in much circulation due to bad government and system and hence the performance is affecting the poor more especially, let's say there's a balanced circulation where the poor are privileged to enjoy such access then there won't be room for having a bad economy system.

I will say you are right but in the aspect of work because if there was work definitely there would be a circulation of money, when someone is seeing money at the end of every month there would be something they could use to buy things but when there is no work there would be less people in possession of money and even if some persons without job has it, it will not be a reasonable amount, although government shouldn't be blamed for lack of circulation of money because they cannot just print and give out because they want to circulate money but on the contrary the circulation comes from buying and selling, when you buy another person take the money and when the person went for refill in there business they also give out there money by getting product in return.

[kryptqnick]

Economic downturns are indeed linked to the fact that part of society cannot spend money. Lack of jobs, lack of circulation of money are bad for the economy. However, I don't think poverty is always the reason (think about the 2008 financial crisis, for instance). Also, let's not forget that poverty looks different in different countries: a poor person in Switzerland can likely afford more than a poor person in Uganda.

[M47AK16]

Economic downturns are indeed linked to the fact that part of society cannot spend money. Lack of jobs, lack of circulation of money are bad for the economy. However, I don't think poverty is always the reason (think about the 2008 financial crisis, for instance). Also, let's not forget that poverty looks different in different countries: a poor person in Switzerland can likely afford more than a poor person in Uganda.

We all know the reason, it is not really a secret that nobody understand. The reason is simple, the very very rich people (and I mean like 1% richest of all nations) gather all the money, and power, and that way, can pay you less.

Look at how much amazon makes per year, that is 68+ billion dollars, and they have 1.5 million people working for them all around the world full time and part time. That is 45 thousand dollars more per person that they profited in 2024. That is right, they can afford to pay people 45 thousand dollars per worker, and still not be in negative, they would break even.

Nobody says they should pay that much, there are full time workers and part time ones so part times get less, and full times gets based on their work etc etc. But they can afford to pay people above the minimum wage, at least that much is guaranteed. They just prefer not to, to maximize their profits. And this is just one company, imagine all 1% rich of all nations paying what people deserve. We would not have poverty left in the world.

[harapan]

The economic recession isn’t due to a lack of money in the market, but because the poor have no money. Essentially, the money isn’t circulating; it’s all been stuck in the banking system, turning into deposits and low-risk assets. No matter how much money the rich have, their consumption is still limited.

I notice some level of sense in what you're saying, cause regardless money is meant to circulate across  but it's just stuck in the hands of one individual. But mainly the bad economy is due to so many factors and as we know there are always both sides of everything in life, the good and bad and that's why we can find the poor and rich. So making everything sufficient would make this easier and better.

[Kelward]

The major reason why the economy is bad is because of bad governance, if the leaders are corrupt it will affect the economy in a g negative way. So the economy is not really bad because of the poor they're the effect of bad governance and if the leaders continue to be corrupt and negligent the poor will continue to be poorer. There are poor people everywhere even in developed countries but they don't suffer like the poor in underdeveloped countries. There will always be the poor because everybody can not be rich but when the leaders of a country fails in their duties to protect the rights of the poor the economy will be worse off.

[Marykeller]

When the economy of a country is bad, we don't look or think of the poor as among the causes of it. We look at some of the factors that could lead a country to an economic recession, such as monetary policy, increased interest rates, excessive government spending, debt, inflation of goods and services, low productivity, etc. Although the economic recession of a country hits the poor harder than it does the rich. That's the fact I can accept, not for you to say that the economy of a country is bad because the poor have no money. That doesn't sound like good logic to think about

[Synchronice]

The economic recession isn’t due to a lack of money in the market, but because the poor have no money. Essentially, the money isn’t circulating; it’s all been stuck in the banking system, turning into deposits and low-risk assets. No matter how much money the rich have, their consumption is still limited.

On the other hand, the poor want to spend but have no money, which gradually leads to excess production capacity in the market. This causes companies to start competing in a race to the bottom, driving profits to dangerously low levels, which sets off a vicious cycle. As company profits decrease, they scale back and lay off employees, making the poor even poorer, and savings become too risky to touch.

I completely agree with you. Sadly, many can't realize that if you improve the quality of life for the population, it will automatically significantly boost the quality of life for the ruler too. The more people have the ability to live well and spend more time on education, the more innovation they'll make, the more watchable the sport will be, the better service will be everywhere and so on. People will live happy and will be more productive.
Sadly, many can't understand this and they think that the worse conditions will be and the brutal they'll be, the better for their own wealth and success.

[bangjoe]

The major reason why the economy is bad is because of bad governance, if the leaders are corrupt it will affect the economy in a g negative way. So the economy is not really bad because of the poor they're the effect of bad governance and if the leaders continue to be corrupt and negligent the poor will continue to be poorer. There are poor people everywhere even in developed countries but they don't suffer like the poor in underdeveloped countries. There will always be the poor because everybody can not be rich but when the leaders of a country fails in their duties to protect the rights of the poor the economy will be worse off.

Poor people will always exist because poverty has a standard, the more a developed and prosperous country, the poverty standards will rise in that country, so poverty is definitely there.

I agree that the economy depends on the poor economic governance, and it could be too many capitalists who monopolize the economy plus a corrupt engine situation, so it can have an impact on competition as well as the availability of commodities that can be intervened by a handful of people, which can also cause the wheels of the economy to be uneven.

When the economy of a country is bad, we don't look or think of the poor as among the causes of it. We look at some of the factors that could lead a country to an economic recession, such as monetary policy, increased interest rates, excessive government spending, debt, inflation of goods and services, low productivity, etc. Although the economic recession of a country hits the poor harder than it does the rich. That's the fact I can accept, not for you to say that the economy of a country is bad because the poor have no money. That doesn't sound like good logic to think about

To be honest if the point of view is that the poor do not have money it could have the meaning that the economy is very bad and also has an articulation of economic turnover that does not touch the roots of society, the disadvantage of the poor is caused by many things and I see from another point of view because the economic system that failed to provide prosperity to the people below.

[gunhell16]

Even if a country's economy is bad, if you're a resourceful person, you can still find ways to earn or make money. Because if we don't use our skills or our resourcefulness,
you'll surely get nothing.

We are all survivors in this world, and our surviving life doesn't depend on the government we have. Of course, we still need to find a way to get money for us to survive,
or else we and our families will go hungry.

[@nn@_pen9]

Recessions are caused by various factors, including inappropriate economic policies by the central government and sudden shocks in the markets, whether oil or otherwise, as well as corruption, A country's financial instability and poor debt management also contribute to a recession. Yes, we must be prepared for any future situation, even if the company no longer needs us. We must be smart about managing the income we generate. Otherwise, our lives will never change.

[Abiky]

Economic downturns are indeed linked to the fact that part of society cannot spend money. Lack of jobs, lack of circulation of money are bad for the economy. However, I don't think poverty is always the reason (think about the 2008 financial crisis, for instance). Also, let's not forget that poverty looks different in different countries: a poor person in Switzerland can likely afford more than a poor person in Uganda.

You mean the cost of living, right? Yes, it's different on many countries. Some countries have a higher cost of living, while others are much more flexible. Keep in mind that with a high cost of living, comes higher taxes and higher wages. But sometimes, inflation spirals out of control, while wages take a long time to increase. In such scenario, people will only get poorer. The rich will always get richer, because they always find ways to multiply their money. Not to mention, the wealthy always end up paying less taxes than the rest of the people (sometimes even no taxes at all).

Because of the way the system is designed, poverty will continue to be an issue worldwide. Things are even worse now that geopolitical tensions are rising. Trade wars, massive government spending, and external conflicts will further deteriorate the economy. Will Bitcoin be able to "fix the world"? We're yet to see...

[hedgeh0g]

The economic recession isn’t due to a lack of money in the market, but because the poor have no money. Essentially, the money isn’t circulating; it’s all been stuck in the banking system, turning into deposits and low-risk assets. No matter how much money the rich have, their consumption is still limited.

On the other hand, the poor want to spend but have no money, which gradually leads to excess production capacity in the market. This causes companies to start competing in a race to the bottom, driving profits to dangerously low levels, which sets off a vicious cycle. As company profits decrease, they scale back and lay off employees, making the poor even poorer, and savings become too risky to touch.

The central banks of countries, as well as their governments, see the situation very well when money does not circulate in the economy, and after that the key rate of the Central Bank is lowered.
Of course, as a consequence of lowering the key rate, loans for businesses and the population immediately become profitable, therefore all processes within the state are accelerated: purchases are made and incentives for spending money are stimulated.
Also, loans for apartments and cars are becoming profitable, which is why people who previously did not have enough money are starting to buy these goods on credit.

[Jubilee58]

I don't believe that poverty is what leads to poverty.there are things that causes bad economy and one is government policies and regulations, when certain government policies does not favor the masses it leads to bad economy whereby the country's citizens will begin to complain and shouting, struggling for survival.Government on sit does not make policies that affects them, instead it affects the people. If the economy is good both the rich and the poor will survive, there are some countries that even beggers see food to eat , that is how the government made the economy to be, no one begs for food to eat , they value the lives of citizens and make sure everyone is treated fairly. So therefore it government that causes bad economy and not the poor ones.