Inflation has created a dark cloud over how everyday Americans view the economy

[Libby von H]

When Kyle Connolly looks back at 2023, she sees it as a year defined by changes and challenges.

The newly single parent reentered the workforce, only to be laid off from her job at a custom home-building company in November. At the same time, Connolly has seen prices climb for everything from her Aldi’s grocery basket to her condo’s utility costs.

In turn, she’s cut back on everyday luxuries like eating out or going to the movies. Christmas will look pared down for her three kids compared to years prior.

“I’ve trimmed everything that I possibly can,” said the 41-year-old. “It sucks having to tell my kids no. It sucks when they ask for a little something extra when we’re checking out at the grocery store and having to tell them, ‘No, I’m sorry, we can’t.’”

Economic woes have seemed more apparent within her community in Florida’s panhandle. Connolly has noticed fewer 2022 Chevy Suburbans on the road, replaced by older Toyota Camry models. The waters typically filled with boats have been eerily quiet as owners either sold them or tried to cut back on gas costs. Fellow parents have taken to Facebook groups to discuss ways to better conserve money or rake in extra income.

The struggles among Connolly and her neighbors highlight a key conundrum puzzling economists: Why does the average American feel so bad about an economy that’s otherwise considered strong?

Inflation has created a dark cloud over how everyday Americans view the economy

Anger about higher prices appears to outweigh the benefits of a hot labor market in the minds of consumers.

www.cnbc.com

The beatings will continue until their view of the economy improves.....Sadly that's the lower middle class of today.

The real "poors" are the ones that don't care. They get everything for free with the EBT.....You don't.

Merry Christmas.

PS.....You know it's bad when now there's two "big clubs" the middle class ain't in.

The pro-Biden folks boast that the high prices have stayed as they are , as if that didn't mean terrible things are brewing
Food did not go down for example and for the stupid and lazy President to boast that they are not going higher at the usual rate is utter foolishness.
Biden looks lika a heartless FOOL when he boasts about FOOD PRICES

 

[sealybobo]

When Kyle Connolly looks back at 2023, she sees it as a year defined by changes and challenges.

The newly single parent reentered the workforce, only to be laid off from her job at a custom home-building company in November. At the same time, Connolly has seen prices climb for everything from her Aldi’s grocery basket to her condo’s utility costs.

In turn, she’s cut back on everyday luxuries like eating out or going to the movies. Christmas will look pared down for her three kids compared to years prior.

“I’ve trimmed everything that I possibly can,” said the 41-year-old. “It sucks having to tell my kids no. It sucks when they ask for a little something extra when we’re checking out at the grocery store and having to tell them, ‘No, I’m sorry, we can’t.’”

Economic woes have seemed more apparent within her community in Florida’s panhandle. Connolly has noticed fewer 2022 Chevy Suburbans on the road, replaced by older Toyota Camry models. The waters typically filled with boats have been eerily quiet as owners either sold them or tried to cut back on gas costs. Fellow parents have taken to Facebook groups to discuss ways to better conserve money or rake in extra income.

The struggles among Connolly and her neighbors highlight a key conundrum puzzling economists: Why does the average American feel so bad about an economy that’s otherwise considered strong?

Inflation has created a dark cloud over how everyday Americans view the economy

Anger about higher prices appears to outweigh the benefits of a hot labor market in the minds of consumers.

www.cnbc.com

The beatings will continue until their view of the economy improves.....Sadly that's the lower middle class of today.

The real "poors" are the ones that don't care. They get everything for free with the EBT.....You don't.

Merry Christmas.

PS.....You know it's bad when now there's two "big clubs" the middle class ain't in.

Americans are listening to too much Republican media

Household wealth swelled at a record pace during the pandemic. From 2019 to 2022, the median net worth of American families jumped 37% to $192,900, after adjusting for inflation. It’s the largest increase ever recorded by the federal Survey of Consumer Finances, released last fall. Surging home values and rising stock ownership fed the surge.

A middle-age Millionaires' Row: Average 50-something now has net worth over $1 million

Sometime around age 50, the average American can now expect a net worth exceeding $1 million. How did so many 50-somethings become millionaires?

www.usatoday.com

 

[sealybobo]

The pro-Biden folks boast that the high prices have stayed as they are , as if that didn't mean terrible things are brewing
Food did not go down for example and for the stupid and lazy President to boast that they are not going higher at the usual rate is utter foolishness.
Biden looks lika a heartless FOOL when he boasts about FOOD PRICES

View attachment 888185

Companies gouging you is your fault. Stop buying it