How much of that could be the lack of real social nets in the US compared to Europe?

In addition, anecdotally, everyone I know in the EU that had a job pre covid has a job today. I can't say the same thing about folks in the US.

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makapuf 7 hours ago | parent | next [-]

The curious data point is that on this graph poverty seems to have strongly reduced during covid. Less poor.

	▲	milesskorpen 7 hours ago \| parent \| next [-]
		Huge amounts of cash were given to many Americans during Covid.
	▲	7 hours ago \| parent \| prev \| next [-]
		[deleted]
	▲	jeffbee 7 hours ago \| parent \| prev [-]
		Why does this surprise you? There were large, direct transfers to initially children, then everyone. This was the largest and most effective American anti-poverty program of all time.

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weberer 7 hours ago | parent | prev [-]

That's not my experience in Finland. The unemployment rate passed 10% a few months ago. Youth unemployment is now over 20%.

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tovej 7 hours ago | parent [-]

Of course, this is due to the current Finnish govt. weakening its welfare system, driving down demand and creating incentive traps.

I.e. making the economy more like the US.

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weberer 6 hours ago | parent [-]

No, the current austerity measures are due to the national debt crisis in 2023, before the last parliamentary election. Even Yle acknowledged this beforehand.

https://yle.fi/a/74-20007883

https://yle.fi/a/74-20017437

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tovej 6 hours ago | parent [-]

I did not even mention the causes of austerity measures, I'm simply describing their effect.

You are not even responding to anything in my post. Please try again.

	▲	weberer 6 hours ago \| parent [-]
		You're blaming the "current" Finnish government for austerity measures and implicitly removing blame from the previous administration for driving up the debt in the first place. I would just blame "the Finnish government" (over all administrations).