Hmm , in 2020 the interest rates for buying a house was around 3.1%, now it’s around 6.8%. When we’re pricing people out of the ability to afford housing (interest rates going up affects rent prices too, who knew) people will be rather upset… especially given that they see little to no benefit from this “good economy” given the layoffs in certain sectors, the gas prices being over 9000, and not one, but two wars abroad where at least one of the parties in each is perfectly fine targeting civilians.
But hey, at least Google and Amazon are raking in the profits, I guess.
Okay but did you read that the economy is doing good? Try reading it again.
Because prices are still jacked up from inflation? Seems like they go up but never come back down?
Gee, ya think?
The article makes a misleading statement about inflation right off the bat. That it’s at a three year low and that’s a sign of good things.
But inflation doesn’t work like that. This just means prices are increasing at a slower rate. Not that prices have gone down.
Also inflation is not a measure of the cost of living. CPI is ostensibly a measure of cost of living but it’s not particularly good at that either
CPI is fine when it isn’t manipulated to hell like the government does to make things seem better than they actually are.
