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Majority of Americans wrongly believe US is in recession – and most blame Biden
(www.theguardian.com)
But we are in recession. I got no money for nothing.
this post was submitted on 22 May 2024
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politics
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The GDP says you’re doing fine. Stop complaining that you have to live with you're parents.
I have a friend with whom i disagree on most issues. They were recently complaining about how bad the economy is, how expensive food is, and that their family can't afford to eat beef. They have a large house, they've been paying an extra $1000-2000 per month on their mortgage for the last two years, and they invited 2 adult children to move home so the kids could save money for houses. They watch Fox News (or worse) and believe they're struggling. I pointed out some cheap chicken and other items in a grocery ad and the response was, "but those are just the things that are on sale; everything else is expensive." I was stunned - almost everything i buy is on sale. Yes....you're right...the wagyu costs more than it used to.
My kids also complain, "Our grocery bill is twice what it was two years ago!" Maybe because you're now spending $75/wk in protein shakes and supplements?
I'm not saying that people aren't struggling or that they shouldn't be able to buy things they want, but the people who complain the loudest (in my experience) are not the ones who are in the most difficult situations.
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The big problem is that people are thinking in the wrong monetary units. While you're getting paid in a constantly depreciating fiat currency, gold has been perfectly stable, and one ounce of gold still equals one ounce of gold. And so the crazy people in Washington can't inflate it away.