Yeah, exactly. It's the difference between expecting passive income and thinking you'll get a work-from-home job and make a ton of money.
I think women don't lash out politically in the same way that men do when those eventually fail. They're often predicted on their labor, thus they blame themselves.
You're very right that it is largely a legitimized ponzi scheme, in some ways.
By putting the weight of investing for the future into the hands of normal people, we've normalized risk-taking to achieve financial security. This also perpetuates the idea that so many in America are planning for the day they'll be rich instead of planning for their lives as the are now.
It's not that women are immune to scams (they aren't), but I think men are willing to take more bets because they feel the traditional patriarchal weight of traditions telling them it's their job to support their family. So, they keep trying to strike it big and strike out instead.
And for young men, who see no way to get ahead through jobs but see money as a way of gaining status and relationships, they're willing to keep taking risky bets in hopes of hitting a jackpot that can never be achieved through traditional employment.
It ends up being a self-perpetuating cycle, too. Use your 401K to help through a crisis, then you feel extra pressure to recoup the time and investment you lost by taking riskier bets with the money you do have left.
I think this is connected to a greater issue, too. Pensions have disappeared, employees have greater access to their 401Ks, the reliance on investing to generate retirement wealth. We've encouraged our population to believe that taking risks is the only way to generate wealth.
the more i see the more i believe threads in an exercise in creating the worst social media app possible
Threads will start showing others when you’re online by default
Meta’s X rival Threads is rolling out a new “activity status” feature that will let you see when someone on the social network is online. Instagram head Adam Mosseri announced the feature on Tuesday in a Threads post, noting that it’s meant to act as “a…
Every time I type a word that I know in my soul is a word that my spellchecker marks as wrong, I have a brief panic over before turning to the dictionary. Sometimes, I wonder how many useful words are going unused because our apps or phones tell people they don't exist.
