Following the US-Israeli strikes on Iran, gas prices, grocery bills and mortgage rates have all climbed

The US-Israel war against Iran has sent shockwaves through global markets, leaving many Americans grappling with a growing financial squeeze on everyday living costs.

Following the US-Israeli strikes on Iran – prompting retaliatory attacks on US allies in the region and Iran’s decision to close the Strait of Hormuz, a critical maritime passage – costs have surged across the US. Gas prices, in particular, have spiked sharply, with the national average rising by roughly 30% over the past month. Grocery bills, mortgage rates and fertilizer costs have also climbed.

Now, many Americans are being forced to reassess their finances and cut back drastically on basic necessities such as food, clothing and electricity.

  • Weydemeyer@lemmy.ml
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    2 hours ago

    Americans look around at all the cheap commodities around them and think “yes, capitalism is the best system for organizing an economy”. What they don’t realize is just how much this lifestyle has been the direct result of exploitation of workers and resources in the global south, destruction of the environment, consuming at a level ~5x what the earth can sustain, not to mention US dollar hegemony and a military with 800+ bases around the world that can impose the will of capital (which realizes cheap stuff is needed to pay off the working class in the global north. When capital is no longer able to maintain this, I genuine believe workers will question this whole “capitalism is the best system ever” thing.

  • flandish@lemmy.world
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    6 hours ago

    remember: this is what the owning class wants. scared, hungry, poor people are much more likely to accept shit wages and still pay more everyday for everyday things.

    the gaps in pay and cost will only end up as profit in the owning classes.

    bonus is that the same working people are too hungry tired or scared to merc these fuckers.

    • Olhonestjim@lemmy.world
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      4 hours ago

      First step is just to outlive Trump. You want to live long enough to see that worthless piece of shit in the ground. It shouldn’t take too long. Then pick the next piece of shit to outlive. Spite is useful.

      • Mister Neon@lemmy.world
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        6 minutes ago

        I’m not making enough money to cover my mortgage. My industry is using AI as a reason to not rehire. I got professional certifications to switch industries, but nobody is hiring for jobs that can cover my expenses. Unless something happens soon I’m not going to make it.

    • Triumph@fedia.io
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      6 hours ago

      You’ll make it through. It will be hard, and you will make decisions you never thought you’d have to, in ways you never imagined you would.

      The survival instinct is strong. Theres a “code of the sea” for a reason.

  • TheDemonBuer@lemmy.world
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    6 hours ago

    Time to electrify and become energy independent with renewables. There’s no straight that can be shut down that would stop your solar panels from generating electricity. No government can stop the wind from blowing and wind turbines from spinning.

    • dantel@programming.dev
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      6 hours ago

      Yeah, that’s one of the perplexing things going on with right wing nationalists in basically all countries. You’d think they’d be all in into generating our fucking own energy and using it ourselves instead of sending money over to mostly the Middle East. But no, they’re all into fossil fuels - even in countries which have absolutely no such resources and need to import everything 100%.

      But that’s the thing with such people, thinking is not their strong suit.

  • FabledAepitaph@lemmy.world
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    6 hours ago

    Someone should tell them that the people who actually didn’t make it through were the 180-ish little kids that were bombed by an American missile in the middle of their school day over in Iran. Stand by and watch how the Religious Right try to argue they were child terrorists or something abysmal like that. Gas can cost 20 dollars per gallon and it doesn’t even compare. I’m just going to remind everyone conservative of that every time they mention anything about affordability.

    • ORbituary@lemmy.dbzer0.com
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      6 hours ago

      You just watch how hard we won’t fight.

      But we can attend a few more parades. That’ll teach 'em.

        • ORbituary@lemmy.dbzer0.com
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          5 hours ago

          You have zero idea what actions I take in my own community.

          How many phone numbers did you collect at the rally yesterday? How are you coordinating? How are you organizing rather than just mobilizing and sharing clever signs? Did you do anything like direct people to the DSA or answer real questions about fighting back against the entrenched Uniparty?

          Here in Seattle, everyone’s so willing to stand up and show how hard they would fight if they could only find the time away from their desk job, but the meekness is insane. Perhaps its different where you live, but I don’t see anyone here willing to do a damned thing. I suspect most places are that way.

          Marching on a Saturday affects no businesses. In fact, it brings money into places.

          The only way we can send a clear message to the government is by cutting off dollars.

          Let’s hope these high gas and food prices do something real to our spirit. Because if we just turn around and vote a milquetoast Democratic “leadership” back into power instead of truly changing things, then none of this is important.

          • Olhonestjim@lemmy.world
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            4 hours ago

            The only action of yours we can see is your attempt to discourage others who are in fact doing something. Put up or shut up.

            • ORbituary@lemmy.dbzer0.com
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              3 hours ago

              How are you reading discouragement here? I am literally telling people what needs to be done to make change.

              Get over it, lib.

  • Beth@piefed.social
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    6 hours ago

    The ones most sensitive to price increases are the ones who consistently vote to for these types of leaders. They are visceral, reactive, and planning for the future is just paycheck-to-paycheck. They are reactionary. I worry most about what they do when they can no longer afford necessities, and how many ways that will be blamed on their levelheaded neighbors.