The economy is booming, and yet many Americans are still gasping for air financially. They simply don’t have the breathing room to plan beyond their present needs
I have a feeling that the economic news is maybe put of touch with what people are actually dealing with.
At least if you’re told it’s not doing well you can see space for improvement. But if it’s sold as doing well and you’re not then you get…well this.
I have a feeling that the economic news is maybe put of touch with what people are actually dealing with.
At least if you’re told it’s not doing well you can see space for improvement. But if it’s sold as doing well and you’re not then you get…well this.
If the economy is booming and the median american is struggling, your metrics for analyzing the economy are faulty.
100%
We’re measuring our economy by how much can be siphoned off by investors.
That’s a really shitty measure.
I mean at this rate, why don’t we measure it by how many oranges the average citizen can squeeze up their ass?
3
They said “average”, overachiever
Couldn’t agree more. “Economy” is just code for rich people’s stocks at this point.
It’s just Goodhart’s Law:
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