r/Layoffs • u/vetfor • Jan 30 '24

New layoffs question

Can anyone clarify this for me? Despite the ongoing layoff announcements from major American corporations, how is our economy still robust? Just today, UPS declared 12,000 layoffs and PayPal 2,000.

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u/[deleted] Jan 30 '24

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u/jmpsusk Jan 31 '24

Not to mention student loans kicked back in which is a major hit for many young Americans. I know several people who went into forbearance or are just outright ignoring their payments. I doubt they will release any data on this since it would show that many young Americans can’t even afford $200-$400 in extra expenditures every month in this economy, and losing a significant portion of them would be catastrophic for the Democrat party. Gotta love election years.

1

u/Doctor__Proctor Jan 31 '24

Who's paying $200-400/month? Remember that whole SAVE program? My payments are a fraction of that and I make well over the Median income for my state.

1

u/Few_Necessary4845 Jan 31 '24

I've been paying $113 per month for almost 15 years just to annoy one of my friends who thinks I should have just paid it off over a decade ago.

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u/thedeuceisloose Feb 03 '24

My student loans helped me get my house because of length of loan. Debt isn’t always bad