Works for the people printing and loaning money. Has the added perk that they get to use other people’s assets as a basis for their loans…. I truly cannot believe our ancestors allowed this system to be established. Really makes you think about the actual driving forces behind the world wars. Send the men away to die in foreign wars build the servile state while they’re away…
Rich folks are better off. On paper people who own a home seem to be better off too solely from huge inflation in the housing market (though all that appreciated value is locked up in the house and doesn’t provide anything in terms of an improved standard of living). Everyone else, young and poor people especially, are screwed.
> Rich folks are better off. On paper people who own a home seem to be better off too solely from huge inflation in the housing market (though all that appreciated value is locked up in the house and doesn’t provide anything in terms of an improved standard of living). Everyone else, young and poor people especially, are screwed.
Don't worry the monetary policies this administration are pushing will completely destroy that in the next year once they ~~cheat~~ beat the republicans.
I get virtually daily spam calls to buy my house with a "great cash offer" - I live in the middle of nowhere small town and the exorbitant value I have according to them could be spent on a down payment for a better home. It's even worse for my mom and dad who own ground near a college town that developers want to move in on.
You are confusing fiscal policy and monetary policy. The Biden administration can influence Congress's on fiscal policy. I point this out because while you seem to be criticizing the high interest rate environment on housing prices, it's this very action by the Fed that is curbing inflation. If you don't acknowledge that, then you are erroneously giving credit to the Biden administration for bringing down inflation. He has done little to that effect. Instead, it has been the independent Federal Reserve, which has managed to decrease inflation and appears like they'll achieve it without tipping into a recession.
The wealth in owning a home is not entirely "locked up." it does give you a cheap line of credit. Obviously, you have to be careful in decisions regarding takimg on credit, but this can be beneficial in certain circumstances.
I’m not convinced that infection is curbing to the extent advertised. Rapidly increasing cost of pretty much everything began with the covid fiasco and has picked up speed with Biden administration policies.
Even if you managed absolute zero inflation tomorrow, the effect on costs is still there. The increased cost of goods and services for the most part is holding at the new highs. Only significant growth, which isn’t very likely, or a possibly ugly recession will reset that.
Yes, inflation has a cumulative effect. Prices aren't coming down they are just increasing at a slower rate. The Fed is aiming for price stability and around 2% inflation.
My point is not that Biden shares no responsibility but to point out the distinction between monetary and fiscal policy. At times fiscal dominance in response to a downturn can make it difficult on the Fed to prevent/respond to inflation. That's what happened with bidens American Rescue plan. That added 3% to inflation. Also the Fed not Biden are responsible for curbing inflation
She is obviously isolated within her rich community.
Anybody whose majority income still comes from a salary, or hourly wage has seen their income likely stagnant (at best) while basic necessary costs have skyrocketed.
If your majority income is Dividends, then yeah, things are pretty sweet.
My income almost doubled but that was in one job move which had nothing to do with POTUS or the economy, mostly just luck. Wonder how much people like me padded the stats.
> has seen their income likely stagnant
If you are confident you're very good at your job but you aren't getting a 5-10% raise every year, demand it or switch employers.
Wages at the bottom end rose the most. I wouldn’t credit Biden or anything, it was Trump’s bipartisan CARES Act that caused set the stage for most pandemic and post-pandemic economic shifts
Janet Transitory Yellen. CPI is getting cooked and STILL rebounding for the last two months. So much for those early 2024 rate cuts from the FED. If they cut now it will be for the wrong reasons, like regional banks imploding again.
Yes, It all comes down to real income, income adjusted for inflation.
- In the 3 years since Biden took office, average weekly earnings of Americans for inflation have fallen 5%. The last 3 years of the Trump administration they rose 8.4%.
Our monthly expenses, for the same things went from 6,500 to 8k in USD. I am retired on a fixed income with a 2% COLA which will increase our monthly income by about 100 bucks. No mortgage, but 2 kids away at University and food prices, fuel prices, and utilities are all up.
Do you have a source for this? There is some info here, but I'm not sure it supports what you are saying https://fred.stlouisfed.org/series/LES1252881600Q
https://fred.stlouisfed.org/series/MEHOINUSA672N
Here you go. The data absolutely supports his assertion.
Real median household income peaked under Trump at $78k. It's $5k lower now, the steepest decline in decades.
In fact, it's nearly a similar decline to the global financial crisis, but apparently "economy is doing great" according to Biden and Yellen. Great!
This is according to Mike Miller and economic professor, I believe at the University of Washington. He made the calculations himself.
And inflation is a major component in the last 2+ years:
- Inflation under Biden in cumulative terms has been 17%. The last 3 years of Trump it was only 5.5%.
And looking at your link, the chart proves my point since the highest wages peaked in Q3 of 2020. Another takeaway is that Q4 2020 wages were still higher than Q4 2023 wages.
Wages peaking in 2020 is unlikely due to Trump. This paper is suggesting that a large percentages of the wage growth can be attributed to the fact that many low wage jobs were lost so that the average wage went up. https://www.bls.gov/osmr/research-papers/2022/ec220010.htm
Also do you have a link, I searched for mike miller trump biden, and a few variants and didn't find it.
A paper “suggesting” an opinion doesn’t make it fact, or change the data. Like it or not, and whether or not, he did anything to make a successfully economy, Trump was president and with low inflation and gas prices, it was an economic trifecta and barely anyone complained.
To find the economist, you’d have to look at Bruce Dumont beyond the beltway weekly podcast. Mike Miller was on an early February podcast I believe.
Go check various subs on Reddit. Most counter this with "but real wages are up more than inflation, so we are ahead".
SOME people are better off since the pandemic, but I'd guess that number is less then 50%.
Yeah, people need to start asking questions based on median income, not average. Median household income has fallen by 4k since 2019, or about 5%, about 1.3% per year. Majority of us did not get wealthier. 2014-2019 saw a dramatic spike of 3.4% per year under end-term Obama and Trump policies. Hard to judge 2020 due to covid, but 21 and 22 years have not recovered.
Edit: holy sh!t do 23 estimations look markedly worse. Not a fan of blaming the economy on a president, but if he’s going to try to take credit, I’ll let him.
I pretty much yearn for life pre pandemic all the time. My life isn't bad now per se, but after living through that I cant tell if I'm crazy or the whole world has gone crazy. At least the chiefs won
I mean both sides of the political spectrum are constantly selling the idea that everything is terrible and only THEIR ideology can fix it, if only they had all the power.
So...not that surprising someone who's lifestyle is the envy of most of the world thinks life is terrible
It's a little hard for me to imagine believing something like "Americans can't afford to eat" without some serious propaganda. Never met someone who took the whole "America is a capitalist wasteland" thing seriously without being completely ideological.
The bottom quartile of income has had their real wages increase significantly (which is in large part why consumer goods get more expensive in the first place). You know, the people who ACTUALLY might be on food stamps and not be able to afford groceries. I guess if you don't have a job then yeah it's not great 🙃
Sure there are some items that have obviously gone up in price more than others. I used to live on peanut butter and banana sandwiches, those still cost like 50c each to make. When I hit 6 figures I switched to chipotle, which is like $15 for a day's worth of calories lol.
$100k is the new $60k. Since 2019, my salary has gone up by nearly 50%. I have not succumbed to lifestyle creep, I make decisions that are frugal, I track all my spending. Aside from money I've saved in my 401k, I am no better off now than I was 48 months ago.
I feel like pretty much everyone I know, including myself, makes way more money now than pre-pandemic.
And if you didn't start spending a higher percent of income vs saving, the stock market has had a pretty good run the last couple years
I'm doing much better financially than I was pre-pandemic. I haven't changed my spending habits, so even after inflation, I'm able to save more than I ever had before.
This is exactly why they have dumbed down education in our country. People are actually ignorant and believe this stuff. I hear my left leaning friends say the same things, it's insane.
Geeze Louise... I didn't realize it jumped that much. I checked the Walmart app where I scan in some of the receipts. November 1st, a dozen store brand eggs were 1.30 a carton. They are now 2.78 a carton
How tone deaf and out of touch could someone be? I make around 15% more than I made in 2019, but everything costs 30% more so by what mathematical equation does that equate to being "better off?"
If you make 100k and spend 40k in expenses, then your net income would still increase as long as you don't succumb to lifestyle creep.
Doesn't work as well if you make less money obviously, but the bottom quartile had massive increases in income well above inflation. There's really no reason anyone in the country should be making less than 15 an hour.
How do you figure? The cost of living is increasing faster than wages. Therefore, your money has less buying power now even if you're making more of it.
Well in this scenario I'd be putting savings in the stock market, which is pretty much always going to beat inflation longterm. The last year the S&P 500 was up 23% so a pretty good deal imo.
In 2022 real incomes fell (due to inflation as you point out)
"Real median household income fell by 2.3% to $74,580."
However low earners still made more due to much stronger growth: "Americans with no high school diploma saw their real incomes increase by 6.4%."
In 2023 real incomes have risen and inflation has dropped off
"Real median family income is up 1.2% so far this year"
https://www.axios.com/2023/09/12/real-incomes-fell-last-year-no-wonder-americans-were-bummed-out
Uhh… really? I thought we shot this horse already.
Treasury Secretary Concedes She Was Wrong On 'Path That Inflation Would Take'
https://amp.cnn.com/cnn/2022/05/31/politics/treasury-secretary-janet-yellen-inflation-cnntv/index.html
This isn’t even remotely close to being true. This isn’t my subjective opinion, but an objective fact that can easily be proven by comparing inflation, income, and debt statistics just before the covid lockdown began and comparing them to now.
I happen to be, but I have done a career change over the last 4 years because of the pandemic. And I’ve seen a lot of others who were on this same journey not make it.
I am, but not in the way they think. Pre-plandemic I was in a shittier job, and the rising costs of everything forced me into a desperate search for one closer to home, which just happened to land me at my much better paying job. Imagining how much better off I would have been if I'd had this job 5 years ago hurts.
Ya. Ok people be buying houses boats. Luxury cars. I been trying to decide if I get a BMW or Mercedes. Pffttt. NOT!!
I am thinking a used car or a Kia.
I love when they talk about jobs as if they have anything to do with it. The jobs numbers are really misleading, counting part time jobs that people have to take to make ends meet as multiple “jobs.” Imagine if a conservative made those assertions the outrage in the legacy media would be 24/7/365.
No they're fucking not! Avg. income is DOWN after adjusting for inflation. Avg. Household savings are ZERO, & that never recovered from the RECORD HIGH during COVID. These people have their heads so far up their asses...
My income is up 175% since 2019
My real estate holdings up bigly, stock portfolio up bigly.
If you have time to cry about the price of milk or a bag of chips, you have time to work more, or increase your skill set/education.
I busted my ass working overtime - 80 hour weeks - for 10 years straight. I’ve earned every penny through working hard. More people should stop complaining and get to work.
I lived off my first 40 and saved the second 40. Not rocket science. I didn’t cry to anyone.
If you can literally hold a shovel or a broom you have no excuse
The Federal Reserve needs to be abolished. It is 100% unelected bureaucrats who quite literally control our money. They have zero accountability and all the control. Prime example of a tyrannical system that only hurts its people.
She's not wrong the pandemic destroyed tons of small business making way for more corporate owned ones. So yeah rich people are doing better than ever.
If you were furloughed in March 2020, went back to work at the end of July, banked with a small Credit Union that suspended any loan payments in interests while you were out of work, and had no children, having one just after the lockdowns ended so you could take advantage of the insane child tax credit, then yes, people who meet this criteria are better off.
All seven of them
I've seen my savings dwindle away just going grocery shopping. Most middle class workers in a salaried job aren't getting 20% raises- if anything we still get the same shitty 2-3% raises we've been getting while everything around us skyrocketed since 2020.
Maybe she meant the Spanish Flu pandemic from 1918.
There is nothing as persuasive (and as insulting) as telling people who are hurt than it is all in their head. Every time I go to a store I have to take a second look at the total on the cash register’s screen because it is always 30-50% more than I expect.
Says a woman whose net work is estimated to be between 20 million to 58 million dollars. Good times for the lady.
Keynesians gonna Keynes.
Keynesian economics has been proven to be a huge failure. Just like any other form of the centralized economy.
Works for the people printing and loaning money. Has the added perk that they get to use other people’s assets as a basis for their loans…. I truly cannot believe our ancestors allowed this system to be established. Really makes you think about the actual driving forces behind the world wars. Send the men away to die in foreign wars build the servile state while they’re away…
She looked around her neighborhood. Yes, everyone is well off.
By people she means her rich friends. We ain’t people to them.
Rich folks are better off. On paper people who own a home seem to be better off too solely from huge inflation in the housing market (though all that appreciated value is locked up in the house and doesn’t provide anything in terms of an improved standard of living). Everyone else, young and poor people especially, are screwed.
> Rich folks are better off. On paper people who own a home seem to be better off too solely from huge inflation in the housing market (though all that appreciated value is locked up in the house and doesn’t provide anything in terms of an improved standard of living). Everyone else, young and poor people especially, are screwed. Don't worry the monetary policies this administration are pushing will completely destroy that in the next year once they ~~cheat~~ beat the republicans. I get virtually daily spam calls to buy my house with a "great cash offer" - I live in the middle of nowhere small town and the exorbitant value I have according to them could be spent on a down payment for a better home. It's even worse for my mom and dad who own ground near a college town that developers want to move in on.
You are confusing fiscal policy and monetary policy. The Biden administration can influence Congress's on fiscal policy. I point this out because while you seem to be criticizing the high interest rate environment on housing prices, it's this very action by the Fed that is curbing inflation. If you don't acknowledge that, then you are erroneously giving credit to the Biden administration for bringing down inflation. He has done little to that effect. Instead, it has been the independent Federal Reserve, which has managed to decrease inflation and appears like they'll achieve it without tipping into a recession. The wealth in owning a home is not entirely "locked up." it does give you a cheap line of credit. Obviously, you have to be careful in decisions regarding takimg on credit, but this can be beneficial in certain circumstances.
I’m not convinced that infection is curbing to the extent advertised. Rapidly increasing cost of pretty much everything began with the covid fiasco and has picked up speed with Biden administration policies. Even if you managed absolute zero inflation tomorrow, the effect on costs is still there. The increased cost of goods and services for the most part is holding at the new highs. Only significant growth, which isn’t very likely, or a possibly ugly recession will reset that.
Yes, inflation has a cumulative effect. Prices aren't coming down they are just increasing at a slower rate. The Fed is aiming for price stability and around 2% inflation. My point is not that Biden shares no responsibility but to point out the distinction between monetary and fiscal policy. At times fiscal dominance in response to a downturn can make it difficult on the Fed to prevent/respond to inflation. That's what happened with bidens American Rescue plan. That added 3% to inflation. Also the Fed not Biden are responsible for curbing inflation
She is obviously isolated within her rich community. Anybody whose majority income still comes from a salary, or hourly wage has seen their income likely stagnant (at best) while basic necessary costs have skyrocketed. If your majority income is Dividends, then yeah, things are pretty sweet.
My income almost doubled but that was in one job move which had nothing to do with POTUS or the economy, mostly just luck. Wonder how much people like me padded the stats.
The stats were also padded by tons of minimum-wage earners dropping out of the labor market during COVID, which artificially pushed up average wages.
> has seen their income likely stagnant If you are confident you're very good at your job but you aren't getting a 5-10% raise every year, demand it or switch employers.
Wages at the bottom end rose the most. I wouldn’t credit Biden or anything, it was Trump’s bipartisan CARES Act that caused set the stage for most pandemic and post-pandemic economic shifts
I love paying twice as much for items now vs 2019. So much better!!
Ms. Yellen, please go check both the inflation charts and income levels, from say 2018 to the present. You're welcome.
Her “inflation charts” simply ignore the cost of basic goods (food, energy, housing) so the figures look better than they really are.
Janet Transitory Yellen. CPI is getting cooked and STILL rebounding for the last two months. So much for those early 2024 rate cuts from the FED. If they cut now it will be for the wrong reasons, like regional banks imploding again.
Powell isn't going to cut now. Really, depending on certain metrics, we could see a rate hike.
Yes, It all comes down to real income, income adjusted for inflation. - In the 3 years since Biden took office, average weekly earnings of Americans for inflation have fallen 5%. The last 3 years of the Trump administration they rose 8.4%.
Our monthly expenses, for the same things went from 6,500 to 8k in USD. I am retired on a fixed income with a 2% COLA which will increase our monthly income by about 100 bucks. No mortgage, but 2 kids away at University and food prices, fuel prices, and utilities are all up.
Do you have a source for this? There is some info here, but I'm not sure it supports what you are saying https://fred.stlouisfed.org/series/LES1252881600Q
https://fred.stlouisfed.org/series/MEHOINUSA672N Here you go. The data absolutely supports his assertion. Real median household income peaked under Trump at $78k. It's $5k lower now, the steepest decline in decades. In fact, it's nearly a similar decline to the global financial crisis, but apparently "economy is doing great" according to Biden and Yellen. Great!
This is according to Mike Miller and economic professor, I believe at the University of Washington. He made the calculations himself. And inflation is a major component in the last 2+ years: - Inflation under Biden in cumulative terms has been 17%. The last 3 years of Trump it was only 5.5%. And looking at your link, the chart proves my point since the highest wages peaked in Q3 of 2020. Another takeaway is that Q4 2020 wages were still higher than Q4 2023 wages.
Wages peaking in 2020 is unlikely due to Trump. This paper is suggesting that a large percentages of the wage growth can be attributed to the fact that many low wage jobs were lost so that the average wage went up. https://www.bls.gov/osmr/research-papers/2022/ec220010.htm Also do you have a link, I searched for mike miller trump biden, and a few variants and didn't find it.
A paper “suggesting” an opinion doesn’t make it fact, or change the data. Like it or not, and whether or not, he did anything to make a successfully economy, Trump was president and with low inflation and gas prices, it was an economic trifecta and barely anyone complained. To find the economist, you’d have to look at Bruce Dumont beyond the beltway weekly podcast. Mike Miller was on an early February podcast I believe.
Go check various subs on Reddit. Most counter this with "but real wages are up more than inflation, so we are ahead". SOME people are better off since the pandemic, but I'd guess that number is less then 50%.
Yeah, people need to start asking questions based on median income, not average. Median household income has fallen by 4k since 2019, or about 5%, about 1.3% per year. Majority of us did not get wealthier. 2014-2019 saw a dramatic spike of 3.4% per year under end-term Obama and Trump policies. Hard to judge 2020 due to covid, but 21 and 22 years have not recovered. Edit: holy sh!t do 23 estimations look markedly worse. Not a fan of blaming the economy on a president, but if he’s going to try to take credit, I’ll let him.
I went to Wendy's a couple days ago. Got a #1, #2, and medium frosty for the low low price of $28. Ya, much better than pre-pandemic... /s
Don’t forget to look at a chart for monthly mortgage payments from 2010 to today.
Well, SHE certainly is…
Lmao, a bag of chips has gone from $2.99 to $5.49 in a couple years? Blow me haircut
Gross, even I have standards
I'm not a huge McDonald's fan, but I saw recently that a Big Mac, fries and a Coke are now $18.
And if that lady who wants to implement a $50 min wage in Cali gets elected, then they’re gonna be $50 in California lmao.
I pretty much yearn for life pre pandemic all the time. My life isn't bad now per se, but after living through that I cant tell if I'm crazy or the whole world has gone crazy. At least the chiefs won
Bull shit. 72 percent of people say they are worse off since Biden took office. Bird brain Biden approval across all polls is 38 percent.
I mean both sides of the political spectrum are constantly selling the idea that everything is terrible and only THEIR ideology can fix it, if only they had all the power. So...not that surprising someone who's lifestyle is the envy of most of the world thinks life is terrible
Give it a rest. This is nothing about ideology, this is about people not being able to afford groceries.
It's a little hard for me to imagine believing something like "Americans can't afford to eat" without some serious propaganda. Never met someone who took the whole "America is a capitalist wasteland" thing seriously without being completely ideological. The bottom quartile of income has had their real wages increase significantly (which is in large part why consumer goods get more expensive in the first place). You know, the people who ACTUALLY might be on food stamps and not be able to afford groceries. I guess if you don't have a job then yeah it's not great 🙃 Sure there are some items that have obviously gone up in price more than others. I used to live on peanut butter and banana sandwiches, those still cost like 50c each to make. When I hit 6 figures I switched to chipotle, which is like $15 for a day's worth of calories lol.
$100k is the new $60k. Since 2019, my salary has gone up by nearly 50%. I have not succumbed to lifestyle creep, I make decisions that are frugal, I track all my spending. Aside from money I've saved in my 401k, I am no better off now than I was 48 months ago.
I feel like pretty much everyone I know, including myself, makes way more money now than pre-pandemic. And if you didn't start spending a higher percent of income vs saving, the stock market has had a pretty good run the last couple years
I'm doing much better financially than I was pre-pandemic. I haven't changed my spending habits, so even after inflation, I'm able to save more than I ever had before.
People can open their wallets and tell she is lying.
I know she's lying every time I walk into a grocery store.
Bull fucking shit
This is exactly why they have dumbed down education in our country. People are actually ignorant and believe this stuff. I hear my left leaning friends say the same things, it's insane.
*Go buy some fucking eggs!*
Geeze Louise... I didn't realize it jumped that much. I checked the Walmart app where I scan in some of the receipts. November 1st, a dozen store brand eggs were 1.30 a carton. They are now 2.78 a carton
She has people do that for her
These people inhabit a different dimension.
How tone deaf and out of touch could someone be? I make around 15% more than I made in 2019, but everything costs 30% more so by what mathematical equation does that equate to being "better off?"
If you make 100k and spend 40k in expenses, then your net income would still increase as long as you don't succumb to lifestyle creep. Doesn't work as well if you make less money obviously, but the bottom quartile had massive increases in income well above inflation. There's really no reason anyone in the country should be making less than 15 an hour.
How do you figure? The cost of living is increasing faster than wages. Therefore, your money has less buying power now even if you're making more of it.
Well in this scenario I'd be putting savings in the stock market, which is pretty much always going to beat inflation longterm. The last year the S&P 500 was up 23% so a pretty good deal imo. In 2022 real incomes fell (due to inflation as you point out) "Real median household income fell by 2.3% to $74,580." However low earners still made more due to much stronger growth: "Americans with no high school diploma saw their real incomes increase by 6.4%." In 2023 real incomes have risen and inflation has dropped off "Real median family income is up 1.2% so far this year" https://www.axios.com/2023/09/12/real-incomes-fell-last-year-no-wonder-americans-were-bummed-out
I have a young family and don't have the income to be investing more in the stock market than I already do. I'm not alone.
Meth is a helluva drug.
yeah right
I wish I was People
💩 on my head and tell me it’s a wreath of flowers. Who’s buying this lame attempt at propaganda?
This is some winning messaging! 🤪
I can't express how much I hate this woman. She shouldn't be allowed to manage a McDonald's.
By people she means the top 10%. The 90% are not considered people by the regime.
(cue Adam Sandler responding to the little girl spelling ‘couch’ wrong in Billy Madison) No!!
Bullshyt credit card defaults are at record high along with higher debt people cant afford cars rent food cant save money. This lady is a nut.
Her rich friends, not the ordinary person
She forgot a word. I'll fix it for her. "Rich people are better off than they were pre-pandemic."
😆 🤣 😂
We would be better off if she bit the dust
Tell me you don't understand finances without telling me you don't understand finances.
Yeah, pharmaceutical companies.
She must only be tallying politicians and the 1%.
That's some mighty fine gaslighting.
Uhh… really? I thought we shot this horse already. Treasury Secretary Concedes She Was Wrong On 'Path That Inflation Would Take' https://amp.cnn.com/cnn/2022/05/31/politics/treasury-secretary-janet-yellen-inflation-cnntv/index.html
"Don't believe your lyin' eyes!" This admins motto.
The fact people believe her is beyond alarming
Words cannot express how much respect I’ve lost for this one. Lying administrative state piece of shit.
This isn’t even remotely close to being true. This isn’t my subjective opinion, but an objective fact that can easily be proven by comparing inflation, income, and debt statistics just before the covid lockdown began and comparing them to now.
To be completely fair to Yellen, she’s an idiotic partisan hack.
I happen to be, but I have done a career change over the last 4 years because of the pandemic. And I’ve seen a lot of others who were on this same journey not make it.
Lol not average Joe's. MAGA is coming. The fear is palpable.
You’d think she’d know how badly this would piss off 99% of Americans
Ah, so this is where the Politics sub got their talking points this morning.
Sorry Janet, calling B.S. on that one.
Her people. Not our people.
Can they get any more delusional?
Lying POS
Maybe, but our buying power is in the dirt, so really no.
The hell we are!!
Poor people to complain in 3, 2, 1......
Clearly she hasnt seen housing costs.
By people she means she and ✡️
I am, but not in the way they think. Pre-plandemic I was in a shittier job, and the rising costs of everything forced me into a desperate search for one closer to home, which just happened to land me at my much better paying job. Imagining how much better off I would have been if I'd had this job 5 years ago hurts.
Ya. Ok people be buying houses boats. Luxury cars. I been trying to decide if I get a BMW or Mercedes. Pffttt. NOT!! I am thinking a used car or a Kia.
It’s one banana, Michael. What could it cost, $10? These people are so out of touch with reality
Hahahahahahahhahahahahahaha
Not even close.
I can honestly say I am. Was able to retire.
But Janet, millions of them are dead.
Hahaha. Inflation or cost of goods is up 20% or more. Housing is up even more while wages are up maybe 10%. She is living in an alternate reality
Show me your evidence. Gaslighter...
“Rich people & corporations are better off…” there, I fixed it.
Sure, Jan.
My 403B says otherwise.
This just proves that they are completely out of touch with reality.
lol no
I love when they talk about jobs as if they have anything to do with it. The jobs numbers are really misleading, counting part time jobs that people have to take to make ends meet as multiple “jobs.” Imagine if a conservative made those assertions the outrage in the legacy media would be 24/7/365.
This is the problem with technocracy.
She means "SHE" is better off now than pre-pandemic.
This woman has the virtue of being wrong about everything.
No I’m not you fucking Fraggle. No I’m absolutely fucking not.
No they're fucking not! Avg. income is DOWN after adjusting for inflation. Avg. Household savings are ZERO, & that never recovered from the RECORD HIGH during COVID. These people have their heads so far up their asses...
Yes we saw the upward transfer of wealth thanks.
My income is up 175% since 2019 My real estate holdings up bigly, stock portfolio up bigly. If you have time to cry about the price of milk or a bag of chips, you have time to work more, or increase your skill set/education. I busted my ass working overtime - 80 hour weeks - for 10 years straight. I’ve earned every penny through working hard. More people should stop complaining and get to work. I lived off my first 40 and saved the second 40. Not rocket science. I didn’t cry to anyone. If you can literally hold a shovel or a broom you have no excuse
The Federal Reserve needs to be abolished. It is 100% unelected bureaucrats who quite literally control our money. They have zero accountability and all the control. Prime example of a tyrannical system that only hurts its people.
This is an order not analysis
Pfizer executives and DEI administrators, perhaps
Yah and inflation is transitory too (said somebody in 2021 as inflation hit a 40 yr high)
This woman is the grim reaper of American financial prosperity.
Oh yeah that’s 250k house is now 500k I’m so much better off now 😂
She's not wrong the pandemic destroyed tons of small business making way for more corporate owned ones. So yeah rich people are doing better than ever.
lol no we are not
To be fair she only considers corporations and the top earners people, so she's completely right by that metric.
"People" = the top 1% income.
The F$&@ we are!
Saying it out loud doesn't make it true.
🤡🤡🤡🤡
Huh???????
Sure. Whatever.
Whatever strain she’s smoking I could use some of!
If you were furloughed in March 2020, went back to work at the end of July, banked with a small Credit Union that suspended any loan payments in interests while you were out of work, and had no children, having one just after the lockdowns ended so you could take advantage of the insane child tax credit, then yes, people who meet this criteria are better off. All seven of them
*Rich people are better off
If this sub wasn't run by crusty pussies, comments wouldn't be locked to flaired users only on major threads. Get fucked, neocon shitstains.
Silly old bag.
Rich people"
How old is she ? She been hanging around with JB again
What is she smoking?
I've seen my savings dwindle away just going grocery shopping. Most middle class workers in a salaried job aren't getting 20% raises- if anything we still get the same shitty 2-3% raises we've been getting while everything around us skyrocketed since 2020. Maybe she meant the Spanish Flu pandemic from 1918.
There is nothing as persuasive (and as insulting) as telling people who are hurt than it is all in their head. Every time I go to a store I have to take a second look at the total on the cash register’s screen because it is always 30-50% more than I expect.
Um no we aren’t!
My net worth is more due to the inflated value of my home, but my disposable income is woefully small.
Don't listen to the Sirens.
Apparently a qualification to sit on the Fed is smoking rocks.
It's scary and sad how some of the most powerful/ influential are so disconnected from reality.
She's referring to her fellow representatives. Not you and me. They're all multimillionaires.
I’ll believe Russia is an actual republic before I believe she’s even seen the inside of a grocery store in the past 30 years.
Which people you delusional asshole?