On TV yesterday, I saw a reporter talking to a group of people who said they were unhappy with the economy. She said to one woman, “Inflation is coming down, wages are up, unemployment is down, and the stock market is doing well.” The woman replied, “Well, I would disagree with that.”
That sums up the facts-don’t-matter situation we have in this country today and is emblematic of H.L. Mencken’s famous line: “No one ever went broke underestimating the intelligence of the American public.”
@johnldeboer From where I stand, the experience is more like "Rent, too high and rising, wages/retirement of household not rising, food costs, high and rising, utilities high and rising.
I'm glad you're not feeling a pinch, but there's a lot of us who are.
I don't tend to believe claims that contradict my lived experience.
Lately people act like if you don't say the economy is good, you're like an antivaxxer.
Someone's doing well, certainly.
@AskTheDevil Hate to disagree with you, but wages are rising and food prices have dipped - on the average. Food services (restaurants), utilities, and housing costs do remain significant contributors to inflation, though. Regarding your implication that poo-pooing the health of the economy is in the minority, I’ve found the opposite to be true. As that interview I referenced shows. Consumer sentiment is on the rise, based on polling, but it remains lower than what one would expect from the data.