General Discussion
In reply to the discussion: I keep hearing the economy is booming? [View all]logosoco
(3,211 posts)I do not see anything "booming". Things around my neck of the woods have been about the same as they have been for a couple of years now. That does not seem like a boom.
The raise my husband got at the first of the year has not covered the increase in prices we are seeing.
I take any "unemployment" number with a grain of salt. There are a lot of people with jobs, so they aren't unemployed, but the jobs are dead end, low pay and no health care benefits. Also, I quit my last job 10 years ago because of physical problems. Since then I have been taking care of my grandsons while their parents work. They do have fairly decent jobs, but they work A LOT! My sister is in a similar situation, so those numbers don't really reflect everyone who is unemployed.
We are lucky that we can pay our bills (although we can't really use our health insurance because it has a high deductible).
I think young people are still having to go into debt for college. I see other people not able to go to the doctor because of the out of pocket expense. I see mainly low paying jobs, there are a lot of those. I don't think I would describe any of that as a booming economy.
Also, I see many folks talking about the economy. I wonder if it will even matter in a few years if the current administration does not acknowledge climate change and continues to push for fossil fuels and coal, and if they keep cutting environmental regulations. The earth has little notice for the economy.