Why Americans are bummed out about the economy
Why Americans are bummed out about the economy
Because grocery bills and rent prices are unlikely to return to where they were just a few short years ago, the psychological scars from the war on inflation will linger, write Dana M. Peterson and Erik Lundh.
US consumers remain unimpressed with this progress, however, because they remember what they were paying for things pre-pandemic. Used car prices are 34% higher, food prices are 26% higher and rent prices are 22% higher than in January 2020, according to our calculations using PCE data.
While these are some of the more extreme examples of recent price increases, the average basket of goods and services that most Americans buy in any given month is 17% more expensive than four years ago.
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Middle class is the new poor. Shit broke in the 70s and it ain’t likely to get fixed. Get used to it.
You sound like the lazy losers in my family who don’t vote and let everyone and everything overwhelm them. Get used to criticisms like this for the rest of your life.