Aram Zucker-Scharff

Millennials aren’t using credit cards, and it might come back to haunt them:

A new study finds Millennials are ditching plastic. That might hurt them in the future.

Being responsible with your debt isn’t going to help you get a good credit history. Welcome to a system designed to force you into significant levels of potential debt in order to go into further debt. All this to abdicate responsibility of your personal information to faceless sketchy credit and credit rating companies for a house or a car that is more likely to lose value than gain it by the end of your life time. 

Our parents bought into a system in which credit card use and taking on high debt loads were qualifiers for loans and positive background checks. Now when Millennials opt-out of a system designed to provide approval for what is essentially wage-slavery they find they are unqualified to gain credit because they’ve been more fiscally responsible then the last two generations. 

Millennials: screwed either way. 

The class war in American politics is over. The rich won.:

That “class war” you’ve heard so much about? It’s finished.

Rickets returns to the UK as poor families find healthy diets unaffordable.:

Poverty

 is forcing people to have dangerously poor diets and is leading to the return of rickets and gout – diseases of the Victorian age that affect bones and joints – according the UK Faculty of Public Health.

A quick reminder that our society being economically f*cked isn’t limited to the US. Enjoy the global economic contagion.

“The first stages of decline may already have started. The Global Financial Crisis of 2007-08 and ongoing economic malaise may be a harbinger of the fallout from resource constraints. The pursuit of material wealth contributed to unsustainable levels of debt, with suddenly higher prices for food and oil contributing to defaults – and the GFC.”

– Limits to Growth was right. New research shows we’re nearing collapse.