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In reply to the discussion: Why are Americans so gloomy about their great economy? [View all]Johnny2X2X
(23,670 posts)37. Real wages have risen since pre pandemic
https://home.treasury.gov/news/featured-stories/the-purchasing-power-of-american-households
People have more purchasing power despite the bout of inflation we had to overcome. So in a very real sense, life is more affordable now than in 2019 across all income groups.
So people will lament gorcery prices but not pay attention to the fact that they're making 16% more than they did in 2019.
Things aren't perfect, but by every economic measure the economy is better and people are better off than they were before Covid hit.
People have more purchasing power despite the bout of inflation we had to overcome. So in a very real sense, life is more affordable now than in 2019 across all income groups.
So people will lament gorcery prices but not pay attention to the fact that they're making 16% more than they did in 2019.
Things aren't perfect, but by every economic measure the economy is better and people are better off than they were before Covid hit.
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Some of it is Farce News and Hate Radio, yes - but the cost of housing is taking its toll too
peppertree
Jan 2024
#1
people who have to pay for their own food think its still getting more pricey nt
msongs
Jan 2024
#17
GOP messaging takes nothing and makes it something, while Dem messaging takes something and makes it nothing!
tableturner
Jan 2024
#8
Maybe it was in an unsnipped piece of the article but higher food prices seems like the #1 contributor.
LonePirate
Jan 2024
#28
Rent is too high, home prices are fucking ridiculous and groceries are still sky high.
Autumn
Jan 2024
#35