Been to a grocery store lately? Looked at rent prices? How about clothing? Gas? Basic necessities?
People think the economy’s getting worse because it IS for consumers. I don’t really give a shit if a company is paying less for grain than they did a year ago if the prices they charge for the final product havn’t gone down!
Until basic costs of living start decreasing, most people aren’t going to see any positive change.
Yeah, this kind of headline has no bearing on 99% of people’s lives, it’s just corporate gaslighting to try to keep the population sedated.
This is my thinking. I guess it’s good the economy is good but prices of housing and food are skyrocketing for me so I don’t feel it lol
The economy is fantastic for like the 10% of the country who owns 75% of the country’s junk
Remove the income of the top 1% of Americans from the equation and you’ll REALLY see how good the “economy” is.
“Months of stronger economic news”. Oh you mean propaganda? The economy is getting worse. Price gouging and job losses are an easy way to gauge things.
People don’t need news to know how fucked up their shit is. All they have to do is experience it and then they’ll know themselves the truth. You won’t get this take from the news because they are gaslighting you.
Who’s it getting better for? Wall Street? Prices on shit keeps fucking going up. My paycheck ain’t.
As others have already stated, the job market is fine, the stocks are fine, but the ability to afford living day to day is worse than I have ever remembered. Here in my cheaper state here are some random prices:
- A bag of Doritos is over $7.
- Beef shortage makes ground beef for a family of 4 $14
- Gas prices are over $3.70
- My grocery bill increased by nearly 50% overall and we are buying less on top of that
- Car prices are through the roof, making it impossible for people like me to change cars (I’m hearing they are going to drop again soon)
- Rent prices are soaring to the point where it isn’t sustainable
- Interest rate keeps rising
Should we guess which half thinks that?
Yeah I mean, gains on Wall Street may be considered “stronger economic news” by some, but it tends to matter for relatively few.
A strong economy doesn’t rely on news stories about Wall St. If I see my money going further, I take it as strong economic news. If I see my wages go up, I take it as strong economic news. If I ever see rents go down, or housing in general become more affordable, or literally anything that affects most common people in a positive way based on some financial change, I’ll take it as strong economic news.
Wall St making more money? Not strong economic news. Just stories that highlight how the rich continue to get richer and how out of touch one small subset of the population is from the rest.
It’s ok guys, I got my 2% annual raise so that should fix things… right?
That’s because (yes, others here beat me to it) – the economy is not the stock market. People’s costs of living and wages aren’t getting better, they’re getting worse, even as giant corps have record profits and that is reflected on the stock tickers. If the average person was heavily invested early on in some of these corporate behemoths and could actually share in the rapacious profits, maybe things would be different… but that’s not the case.
The stock market isn’t the economy. Wall Street has a vested interest in us believing the opposite, however, so of course CNN and others will keep acting like they’re the same thing.
By most metrics, the economy is still gloomy long term. It’s a prediction over the course of years not months.
Consider the great depression, the economy was fucked months before the stock market crashed, but if you only looked at the stock market to determine that, you would think everything was fine up until it was too late.
I recommend watching wealthion and anyone they interview on their channel.
