Perhaps most alarming, 7 out of 10 people surveyed believed the economy wasn’t getting better — even after they were explicitly told that inflation had eased and unemployment sat near record lows. That preface, designed specifically to persuade voters to brighten their view of the economy, did not seem to move them.
“When we intentionally put our finger on the scale, and 100 percent of people hear good economic indicators before saying if the economy’s going well for them, we still get walloped,” said Adam Green, co-founder of the Progressive Change Campaign Committee.
Inflation was higher, so high that costs increased faster than wages. More of your paycheck went to necessities rather than servicing debt or having savings.
Inflation got lower, though still higher than wages. You’re still paying way more in relative costs because nothing has actually offset the original high inflation. It’s reasonable for you to still feel squeezed.
Gimme an economics fellowship I’m clearly the smartest economist.
You’re not a great economist if you don’t know how to make rich people richer WHILE screwing over the poor at the same time. It is not just enough to bring in profit, you have to make the poor SUFFER at the same time.