That article is dated Feb 2023 and does show YOY declines in wealth. But it also shows increases in wealth in ALL categories since 2020 when Trump was fired.
So thanks for proving my point that Trump was full of sh!t.
The same dynamic in place when the article was written has been in play the past quarter as well. Declining stock market coupled with declining real estate while increasing inflation. It’s the ultimate squeeze on the middle class as their wealth is evaporating at the same time they are paying more for their essentials. While the welfare recipients think everything is fine because their giveaways have increased. The wealth gap is declining because he has hammered the upper 80% while keeping the bottom 20% happy with lots of free stuff.
Come on man. Economics are much more complicated that Joe here says.
1/ the stock market is of course much higher now than when biden took office. But yes it has been flat for 2.5 years and down from its all-time high but that's completely normal market behavior. The market moves up and then you have to wait it out for the next surge. Always been this way.
2/ home prices have never been higher. There is no 'declining real estate' nationwide. Regionally, sure. But nationally, real estate values have never been higher. Correct theyself, Joedirt.
4/ Oldsters are raking in the bucks now with higher interest rates. Their nest egg is getting 5% now, not 1%, and that has boosted their incomes a lot and they are spending the difference. Good for them and us.
And of couse the economy is booming - growing at 3-5% after inflation. Massive growth, providing jobs for just about anyone who wants one, with rising wages of course.
This post was edited 4 minutes after it was posted.
Come on man. Economics are much more complicated that Joe here says.
1/ the stock market is of course much higher now than when biden took office. But yes it has been flat for 2.5 years and down from its all-time high but that's completely normal market behavior. The market moves up and then you have to wait it out for the next surge. Always been this way.
2/ home prices have never been higher. There is no 'declining real estate' nationwide. Regionally, sure. But nationally, real estate values have never been higher. Correct theyself, Joedirt.
4/ Oldsters are raking in the bucks now with higher interest rates. Their nest egg is getting 5% now, not 1%, and that has boosted their incomes a lot and they are spending the difference. Good for them and us.
And of couse the economy is booming - growing at 3-5% after inflation. Massive growth, providing jobs for just about anyone who wants one, with rising wages of course.
Come on, Joedirt is a Trumpette, through and through. Trumpettes NEVER correct themselves. It is a sign of weakness.
Come on man. Economics are much more complicated that Joe here says.
1/ the stock market is of course much higher now than when biden took office. But yes it has been flat for 2.5 years and down from its all-time high but that's completely normal market behavior. The market moves up and then you have to wait it out for the next surge. Always been this way. . .
2/ home prices have never been higher. There is no 'declining real estate' nationwide. Regionally, sure. But nationally, real estate are higher thomes a lot and they are spending the difference. Good for them and us.
And of couse the economy is booming - growing at 3-5% after inflation. Massive growth, providing jobs for just about anyone who wants one, with rising wages of course.
Well, why doesn't Biden make it go higher?!? He must be some weakling COMMIE! I'll be daggummed if I let some weakling COMMIE mess with my social security!
Come on, Joedirt is a Trumpette, through and through. Trumpettes NEVER correct themselves. It is a sign of weakness.
#grabembythepvssy
Less of a Trumpette, more of an anti-Socialist. Actually voted for Evan McMullin in 2016. Voted for Trump based on his record in 2020. Will vote for DeSantis or Haley in the primary. Have fun trying to justify voting for the puppet currently residing in the Oval Office.
ok. Listen. You are not qualified to talk economics. Stick to energy and right-wing opinion pieces. You do better there. You certainly have no ability to say I am inaccurate.
I cited real personal income minus gummint transfers. That's a solid indicator of how individuals are doing in the workforce. You cited real household income. Two different measures. Household income includes everyone in a 'household.' so it is fraught....not as accurate as personal income. Main reason is that the definition of 'household' is always changing. Mainly household size has been shrinking....it used to be two workers, now it's more often one. That reduces household income...but on a per capita income basis, we're doing far better than ever. One-worker households make less than two-worker households but so what?
"According to the Census Bureau’s annual Current Population Survey, the average American household had 2.5 people in 2022. In 1940, the average household size was 3.7."
You could choose to say 'household income is a better measurement' and give some reasons but you don't even know the difference between household and personal income and still you dare call me not accurate.
And your house value worth piece proves your assertion that real estate values are falling is false. It proves me correct. It talks about high values, not low values. I guess that's your form of a concession? um, thanks.
This post was edited 2 minutes after it was posted.
Come on, Joedirt is a Trumpette, through and through. Trumpettes NEVER correct themselves. It is a sign of weakness.
#grabembythepvssy
Less of a Trumpette, more of an anti-Socialist. Actually voted for Evan McMullin in 2016. Voted for Trump based on his record in 2020. Will vote for DeSantis or Haley in the primary. Have fun trying to justify voting for the puppet currently residing in the Oval Office.
The economy is on the edge of collapse. Nuff said.
I seem to recall it was on the edge of collapse last year too. And the year before that.
Now, after collapsing for three years in a row we have average personal incomes at an all time high (in real terms) and historically low unemployment rates.
The GOP is using the war in Israel as an opportunity to help billionaire tax cheat funders. "trickle down tax evasion will help all of America citizens and eliminate the deficit"
The GOP continues to show who they are over and over. Which makes it extremely amusing that they now have a Christo-fascist leading the house and pretending to run the gubment the way Jesus would. "If you want to know my policies, just open the Bible".
That article is dated Feb 2023 and does show YOY declines in wealth. But it also shows increases in wealth in ALL categories since 2020 when Trump was fired.
So thanks for proving my point that Trump was full of sh!t.
The same dynamic in place when the article was written has been in play the past quarter as well. Declining stock market coupled with declining real estate while increasing inflation. It’s the ultimate squeeze on the middle class as their wealth is evaporating at the same time they are paying more for their essentials. While the welfare recipients think everything is fine because their giveaways have increased. The wealth gap is declining because he has hammered the upper 80% while keeping the bottom 20% happy with lots of free stuff.
The same dynamic in place when the article was written has been in play the past quarter as well. Declining stock market coupled with declining real estate while increasing inflation. It’s the ultimate squeeze on the middle class as their wealth is evaporating at the same time they are paying more for their essentials. While the welfare recipients think everything is fine because their giveaways have increased. The wealth gap is declining because he has hammered the upper 80% while keeping the bottom 20% happy with lots of free stuff.
I don't need to see any "official" indicators. I know multiple people, upper middle class (between 250-400k) who don't spend much money, who have been saving like crazy the past couple of years because of how sh!tty the economy is. Homelessness is out of control, and even normal families (think the average, $70k income) are struggling because of sky-high prices. We're going to have another Great Recession soon.
I don't need to see any "official" indicators. I know multiple people, upper middle class (between 250-400k) who don't spend much money, who have been saving like crazy the past couple of years because of how sh!tty the economy is. Homelessness is out of control, and even normal families (think the average, $70k income) are struggling because of sky-high prices. We're going to have another Great Recession soon.
anecdote is not the plural of data.
These are good times. Jobs for everyone, wages rising, inflation 3-4%, home prices solid, etc. If a Republican were president you'd be walking around proudly saying we're in a boom. Stop being blind and angry because your party is out of power.
