The debt/GDP is killing the American dream. It's a smokescreen for the greatest transfer of wealth and creation of income inequality. People need to wake up, our children's economic futures are being diminished.
Numbers don’t lie. It’s pretty obvious what Fed and Wall Street are doing…Jamie Dimon said it best… “happy talk”. When reality hits populous the slide will start slowly, then…Eric, excellent presentation of reality.
Personally I don’t think it’s divergence from the trend line that’s the problem. The problem is the impact of inflation is concentrated in younger and or poorer workers. All of that shelter inflation had zero impact on me. I own my home.
That means if I experienced less impact than what the official numbers imply others experienced more impact. I suspect for many cohorts their personal inflation rate has well exceeded their income gains, and that impact is hidden in the aggregates, but appears in polling.
It would explain why Joe Biden is struggling far more than expected with those groups.
Interesting point about the collapse of the birth rate after 2008 due to economic insecurity. Population urbanization is often cited as a macro cause of declining birth rates, but in the US I expect that the approx. $312k cost to raise a child contributes.
Do you think that the rising child raising costs, some estimates up 16% since the 1960s, contribute to the same degree as personal income? One report claimed childcare is up 825% and healthcare 160% increases since the 60s? 😮
The debt/GDP is killing the American dream. It's a smokescreen for the greatest transfer of wealth and creation of income inequality. People need to wake up, our children's economic futures are being diminished.
Numbers don’t lie. It’s pretty obvious what Fed and Wall Street are doing…Jamie Dimon said it best… “happy talk”. When reality hits populous the slide will start slowly, then…Eric, excellent presentation of reality.
Personally I don’t think it’s divergence from the trend line that’s the problem. The problem is the impact of inflation is concentrated in younger and or poorer workers. All of that shelter inflation had zero impact on me. I own my home.
That means if I experienced less impact than what the official numbers imply others experienced more impact. I suspect for many cohorts their personal inflation rate has well exceeded their income gains, and that impact is hidden in the aggregates, but appears in polling.
It would explain why Joe Biden is struggling far more than expected with those groups.
Interesting point about the collapse of the birth rate after 2008 due to economic insecurity. Population urbanization is often cited as a macro cause of declining birth rates, but in the US I expect that the approx. $312k cost to raise a child contributes.
Do you think that the rising child raising costs, some estimates up 16% since the 1960s, contribute to the same degree as personal income? One report claimed childcare is up 825% and healthcare 160% increases since the 60s? 😮