This is the wrong question to be asking because this is about how you are feeling, and any rational person right now should rightfully be worried. Some of us are preparing for the worst because the people in office, and appointed are not doing their jobs and have in many respects violated their oaths of office simply by inaction.
Technology Sectors have for the most part given up on a reasonable standard division of labor and are now actively seeking to automate jobs away. Rather than augment existing labor many are simply replacing labor with AI without understanding the caveats. They will pay for that mistake, but when you have a coordinated effort to do that finding alternatives will be rough so its a perfect time to start a company (if you know how, and can overcome that barrier to entry).
Inevitably the first jobs to go are the more expensive mid-tier jobs. The second are the low end.
So there are many reasons you should be very concerned. Not owning a house will set you back on building financial wealth because those tax breaks are not open to you, and the housing market has been inflated beyond what anyone should pay. There will be a crash in the housing market, now is not a good time to buy.
A lot depends on what you mean by upskilling, certificates are not that great at upskilling.
What's worse, all the money you had is worth significantly less today than previously. In the last 2 years you've lost roughly 1/5th of your buying power in saved income, and this is expected to continue into the near future.
Hyper-inflation is one of the worst taxes the government can impose, counterparty currency and banking risk have never been higher, especially now that we no longer have fractional banking (look at the reserve requirements the fed imposes on banks since 2020, 0% now) but you also can't just put everything into a solid commodity like gold/silver because the spot price is heavily suppressed and you can't easily exchange it without taking a loss on taxes from maintaining your purchasing power/stock.
In a hyper-inflation environment, the only thing you can do is to invest in assets that will maintain their value for sale, or are goods you will use yourself. Your costs from goods will continue to rise with inflation, this includes rent, so growing food/properly canning/etc will allow you greater financial flexibility.
For mental health, its important to step away from the echo chambers during these times. Focus on what's important, practice meditation (stilling your thoughts), and other destressors. Stop giving the 150% you may be doing and limit it to %100 when you are on-the-clock.
Technology Sectors have for the most part given up on a reasonable standard division of labor and are now actively seeking to automate jobs away. Rather than augment existing labor many are simply replacing labor with AI without understanding the caveats. They will pay for that mistake, but when you have a coordinated effort to do that finding alternatives will be rough so its a perfect time to start a company (if you know how, and can overcome that barrier to entry).
Inevitably the first jobs to go are the more expensive mid-tier jobs. The second are the low end.
So there are many reasons you should be very concerned. Not owning a house will set you back on building financial wealth because those tax breaks are not open to you, and the housing market has been inflated beyond what anyone should pay. There will be a crash in the housing market, now is not a good time to buy.
A lot depends on what you mean by upskilling, certificates are not that great at upskilling.
What's worse, all the money you had is worth significantly less today than previously. In the last 2 years you've lost roughly 1/5th of your buying power in saved income, and this is expected to continue into the near future.
Hyper-inflation is one of the worst taxes the government can impose, counterparty currency and banking risk have never been higher, especially now that we no longer have fractional banking (look at the reserve requirements the fed imposes on banks since 2020, 0% now) but you also can't just put everything into a solid commodity like gold/silver because the spot price is heavily suppressed and you can't easily exchange it without taking a loss on taxes from maintaining your purchasing power/stock.
In a hyper-inflation environment, the only thing you can do is to invest in assets that will maintain their value for sale, or are goods you will use yourself. Your costs from goods will continue to rise with inflation, this includes rent, so growing food/properly canning/etc will allow you greater financial flexibility.
For mental health, its important to step away from the echo chambers during these times. Focus on what's important, practice meditation (stilling your thoughts), and other destressors. Stop giving the 150% you may be doing and limit it to %100 when you are on-the-clock.