is The Economy Is Starting To Crack? The Honest Truth
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Top Comments (10)
Unemployment is low because people are working two or three jobs now trying to keep up with crazy high prices
The unemployment number is a complete sham. They don’t count people who are long term unemployed or have given up in this bracket (U3). This has been a joke since ‘94 when they created the U6, which DOES include those number. The real number is what you get when you add the two, which is NEVER reported and always around 2-3x higher.
I say the economy is at a bad state right now. Groceries are almost 30% higher since Covid, gas prices are up, rents are outrageous, etc... In my opinion, the politicians are looking at data and saying economy had improved. Us regular working citizens are living the reality and it's just getting worst. Companies are still paying wages from twenty years ago, and most of us can't afford to live and feed our children..... .
We are in a bad place and it's getting worse.
Retail sales went up only because kids started going back to school. It wasn’t a surprise that’s how they manipulate the numbers and supplies cost double now.
Small salon owner, it's not great,people are struggling
I grew up in the 50’s-60’s. Credit cards not invented. Spending determined by how much money was left in your pocket
An inflationary depression. Lots of money moving around and increasing currency supply gives illusion of growth while purchasing power of average people declines.
The problem is I don't believe our gov is giving us real numbers. The reason I say that is I use my own eyes and ears. In my town, I have seen a bunch of businesses closing. If they're are not giving us real numbers then how are we to to know to plan?
Join Market Briefs for FREE and get my daily financial newsletter: https://briefs.finance/406746 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!
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Top Comments (10)
Unemployment is low because people are working two or three jobs now trying to keep up with crazy high prices
The unemployment number is a complete sham. They don’t count people who are long term unemployed or have given up in this bracket (U3). This has been a joke since ‘94 when they created the U6, which DOES include those number. The real number is what you get when you add the two, which is NEVER reported and always around 2-3x higher.
I say the economy is at a bad state right now. Groceries are almost 30% higher since Covid, gas prices are up, rents are outrageous, etc... In my opinion, the politicians are looking at data and saying economy had improved. Us regular working citizens are living the reality and it's just getting worst. Companies are still paying wages from twenty years ago, and most of us can't afford to live and feed our children..... .
We are in a bad place and it's getting worse.
Retail sales went up only because kids started going back to school. It wasn’t a surprise that’s how they manipulate the numbers and supplies cost double now.
Small salon owner, it's not great,people are struggling
I grew up in the 50’s-60’s. Credit cards not invented. Spending determined by how much money was left in your pocket
An inflationary depression. Lots of money moving around and increasing currency supply gives illusion of growth while purchasing power of average people declines.
The problem is I don't believe our gov is giving us real numbers. The reason I say that is I use my own eyes and ears. In my town, I have seen a bunch of businesses closing. If they're are not giving us real numbers then how are we to to know to plan?
Join Market Briefs for FREE and get my daily financial newsletter: https://briefs.finance/406746 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!