Despite months of increasingly positive economic indicators, the American public remains negative about the state of the nation’s economy, with 51% saying they think the economy is still in a downturn and getting worse, according to a new CNN poll.
Yeah, according to a Federal Reserve survey from earlier this year “only 63% of adults surveyed said they would cover an unexpected $400 expense using cash or its equivalent, down from 68% the year before. Many noted they would lean on credit cards or family members to manage such a bill. About 13% said they wouldn’t be able to cover such an expense by any means.”
Upper middle class and above households have been doing great, but everyone else is in a bad way and getting worse.
Real wages are up in the last two years the largest amount in nearly five decades. Rent costs are down year over year for two and a half years straight. Employment is up, new jobless claims are down, both while hours worked is down. Inflation continues to revert to the mean.
If it doesn’t seem good for you, you’re either an extreme outlier or are just denying reality.
Who’s it getting better for? Wall Street? Prices on shit keeps fucking going up. My paycheck ain’t.
Yeah, according to a Federal Reserve survey from earlier this year “only 63% of adults surveyed said they would cover an unexpected $400 expense using cash or its equivalent, down from 68% the year before. Many noted they would lean on credit cards or family members to manage such a bill. About 13% said they wouldn’t be able to cover such an expense by any means.”
Upper middle class and above households have been doing great, but everyone else is in a bad way and getting worse.
Real wages are up in the last two years the largest amount in nearly five decades. Rent costs are down year over year for two and a half years straight. Employment is up, new jobless claims are down, both while hours worked is down. Inflation continues to revert to the mean.
If it doesn’t seem good for you, you’re either an extreme outlier or are just denying reality.
Source: Trust me bro.
Rent costs are down? Where??? What’s a “real wage”? Do you have anything to back any of this up or are we just guessing?
Probably just cherry-picked data, tbh.
The wage increases haven’t kept up with inflation so people aren’t feeling it.
If you live in LA, rent only goes up.