Why Americans Feel Poorer Despite Strong Economic Reports
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Top Comments (10)
One of big problems is two neighbors can have identical homes.. but one guy is paying $1,600 per month because he bought in 2011 but his younger neighbor bought in 2023 and its paying $3,100 per month. Even if these two neighbors have the same income (in reality the older guy with the cheaper mortgages probably makes more) and you ask them about the economy, I bet you will get different answers.
They’re giving raises then laying off those that they gave raises to.
my rent has doubled since 2020, my food bill is at least 50% higher. My wages while working never kept up, I saved every penny and invested it, but every year I had less to invest. I was encouraged to retire at age 60, and while not fully ready I knew what they had done to others and prepared. I taught my self option trading and invested in cef, bdc, reits, covered call funds etc. Honestly doing much better than when I was working a job but I feel more self employed than retired. There doesn't appear to be anyone in washington that's on our side. We are on our own
The future will be simple. 'It'll be 'The Haves and The Have Nots'!
If investing in the stock market is the only way to keep up with inflation, then I would say fundamental capitalism is broken.
We don’t feel poorer, we are poorer. We may be making more money than ever but the value of that money is declining faster than we are making it.
I see more homelessness in my city. It was once a booming city and now homelessness has been rising. Rent here is increasing faster and affecting the people with fix income. Some might have to work an additional job pay for their bills. Prices of everything is going up while our wages are not keeping up with the price.
Apply for a Market Briefs Pro content demo: https://briefs.co/pro/jaspreet Join Market Briefs for FREE and get my daily financial newsletter: https://briefs.finance/02f128 WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
They lie about the numbers.....and good sales reports for corporations on inflated prices is not a strong economy for most.
Discipline and sacrifice are the two keys to any form of meaningful success.
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Top Comments (10)
One of big problems is two neighbors can have identical homes.. but one guy is paying $1,600 per month because he bought in 2011 but his younger neighbor bought in 2023 and its paying $3,100 per month. Even if these two neighbors have the same income (in reality the older guy with the cheaper mortgages probably makes more) and you ask them about the economy, I bet you will get different answers.
They’re giving raises then laying off those that they gave raises to.
my rent has doubled since 2020, my food bill is at least 50% higher. My wages while working never kept up, I saved every penny and invested it, but every year I had less to invest. I was encouraged to retire at age 60, and while not fully ready I knew what they had done to others and prepared. I taught my self option trading and invested in cef, bdc, reits, covered call funds etc. Honestly doing much better than when I was working a job but I feel more self employed than retired. There doesn't appear to be anyone in washington that's on our side. We are on our own
The future will be simple. 'It'll be 'The Haves and The Have Nots'!
If investing in the stock market is the only way to keep up with inflation, then I would say fundamental capitalism is broken.
We don’t feel poorer, we are poorer. We may be making more money than ever but the value of that money is declining faster than we are making it.
I see more homelessness in my city. It was once a booming city and now homelessness has been rising. Rent here is increasing faster and affecting the people with fix income. Some might have to work an additional job pay for their bills. Prices of everything is going up while our wages are not keeping up with the price.
Apply for a Market Briefs Pro content demo: https://briefs.co/pro/jaspreet Join Market Briefs for FREE and get my daily financial newsletter: https://briefs.finance/02f128 WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
They lie about the numbers.....and good sales reports for corporations on inflated prices is not a strong economy for most.
Discipline and sacrifice are the two keys to any form of meaningful success.