With the inflation plus that many people below the poverty line , it's actually something that is gonna happen sooner or later.
Plus the rich is getting richer and the poor is getting poorer.
Therefore, it is indeed something that we already know that is going to happen .
But how to prevent that needs good government strategies .
I just hope we prevent it.
Anyone who's actually been keeping track of the economy over the past few years knows that the economy is already in a very precarious situation, doubly so when you consider the fact that we've basically exhausted all of our options to reduce the impact of financial crises. Inflation and people living below the poverty line probably won't be enough to cause a financial collapse, but there are definitely some markets which are pushing everything towards the tipping point. Everyone is hoping that the collapse is an issue that they don't have to deal with, but we should know that it's coming whether we like it or not. A lot of countries are already in an economically depressed state, adding on the student debt bubble as well as the low wages and high housing prices will just make the problem hit harder than it already will.
There's no way to prevent it without reforming the entire system. The governments of the world aren't interested in doing that, so you can probably write it off any fix and just get ready for the tumble.