This does nothing for the average working class dude. Someone making six figures a year who has a bunch of stocks, or has stocks as a part of their compensation is probably stoked, but it doesn't effect or help the majority.
All these statements tell me is that some people think Biden should never say anything about job growth or economic investment or the stock market or falling inflation because there are still people who are struggling.
That’s always the case, and it’s insane the kind of tight rope people expect him to walk when talking about the economy.
Biden should shout it from the rooftops that he has overseen one of the largest periods of economic growth in history, and it’s not just at the top — as evidenced by the investments that are pouring into communities across America.
There will always be people who are struggling, but the difference is how many people. Right now, it's a lot. Unless, you have a great cushy job making six figures, life is rough. I live in CA, my wife and I both make around $90k a year and we can't afford anything more than a 1 bedroom apartment. Our jobs don't allow us to move to the middle of nowhere. sh**t sucks right now.
Sorry you’re struggling, but California hasn’t been affordable for decades. You can’t blame Biden for that.
Also, I find it kind of odd that you make a combined $180k and you can’t afford a 2 br apt somewhere close to where you work. Choosing a more affordable suburb a little further outside whatever city you work in is not the same as moving to “the middle of nowhere.”
I just don’t buy the pessimism bc if Americans were as financially squeezed as they claim to be, we also wouldn’t see consumers spending so much like the data is showing.
Yes, but not to this extent. I miss my $3.25 gas prices in CA of all places, which I had as recently as 3-4 years ago. Now it's $5.50. I don't blame Biden for CA being pricey, but I sure do blame him for that $1.9 trillion dollar spending package that we barely even hear about from him anymore.
As far as moving goes, we're looking at it, but traffic here is a living hell and there comes the point where you balance moving a hour or so out for cheaper housing, while paying more in gas and 2+ hours a day in traffic, and the current rates are so bad to buy, and rent is so high that we're in a cheaper area now vs leaving and going in on the open market in a lot places.
Also, to be honest, I don't get how all these people are spending. Are some people just comfortable charging things left and right and just making the minimum payments? I can't do that. Would give me so much anxiety.
