Despite months of increasingly positive economic indicators, the American public remains negative about the state of the nation’s economy, with 51% saying they think the economy is still in a downturn and getting worse, according to a new CNN poll.
Real wages are up in the last two years the largest amount in nearly five decades. Rent costs are down year over year for two and a half years straight. Employment is up, new jobless claims are down, both while hours worked is down. Inflation continues to revert to the mean.
If it doesn’t seem good for you, you’re either an extreme outlier or are just denying reality.
Rent costs are down year over year for two and a half years straight
You have no idea what you are talking about. Rent has more than doubled. I know people living in shitty 1 bedroom apartments who pay more than twice what I pay for my mortgage on a fairly average house.
You should try looking at it some time. An apartment that was $700 5 years ago is now around $2000 in my area. And this is a low cost of living area where people aren’t exactly desperate to live.
Real wages are up in the last two years the largest amount in nearly five decades. Rent costs are down year over year for two and a half years straight. Employment is up, new jobless claims are down, both while hours worked is down. Inflation continues to revert to the mean.
If it doesn’t seem good for you, you’re either an extreme outlier or are just denying reality.
Source: Trust me bro.
Rent costs are down? Where??? What’s a “real wage”? Do you have anything to back any of this up or are we just guessing?
Probably just cherry-picked data, tbh.
The wage increases haven’t kept up with inflation so people aren’t feeling it.
You have no idea what you are talking about. Rent has more than doubled. I know people living in shitty 1 bedroom apartments who pay more than twice what I pay for my mortgage on a fairly average house.
Data is data my dude. Get your head out of the sand.
You should try looking at it some time. An apartment that was $700 5 years ago is now around $2000 in my area. And this is a low cost of living area where people aren’t exactly desperate to live.
If you live in LA, rent only goes up.