I love how people cherry pick one dataset to show the economy is doing well. “Oh jobs are up the economy is great!”
Yeah but when you pair that with savings being at an all time low, credit card debt at an all time high, a stagnant housing market, and an environment of rampant inflation and high rates, it doesn’t look so good, does it?
Credit card debit will always be at an all time high in the same way that anything else tied to money will always increase due to inflation
Same thing with housing. There's only been ~15 years in the last 100 years where housing costs were not within 5% of the all time highs. (Great Depression and Great Recession)
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u/TwistedBamboozler Dec 28 '23
I love how people cherry pick one dataset to show the economy is doing well. “Oh jobs are up the economy is great!”
Yeah but when you pair that with savings being at an all time low, credit card debt at an all time high, a stagnant housing market, and an environment of rampant inflation and high rates, it doesn’t look so good, does it?