Quote:
Originally Posted by Evergreen6
Actually, those of who understand that prices aren't "the economy", and can see even the post-rebound covid gains, and who understand "engagement" in unemployment means people are actually working, know your statements are completely untrue. We can all celebrate a good economy, but I understand it's tougher to believe for those who are hand-to-mouth.
Relatively good wage growth and the stock market nearing all-time highs is a pretty good indicator things are rolling right along. Did you also happen to see the recent GDP growth for Q4? 3.2%. Amazing.
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Ever heard of inflation. 9% inflation in 2021 outpaced GPD at 5.9% so any increase in GPD over the last three years has been inflationary, which in economic terms means the economy is not producing more it's more expensive to purchase items. There has been no real growth, growth comes when GPD outpaces inflation and wage growth outpaces inflation and in three years neither of these has taken place. I bought a 2024 and the car cost 5k more than the exact same car in 2023, that's not GPD grow thats inflation.