> when someone says "the economy is great", that's relative to post-covid and two multi-decade wars the US fought and a global recession not even two decades old.
No? It's relative to pretty much all of 20th/21st century data. Can you point to some numbers that you think tell a different story? We are vastly wealthier than our grandparents. Real[1] median household income is 50% higher today than in the 80's. See: https://fred.stlouisfed.org/series/MEHOINUSA672N
It's down a little (like 5%) across the pandemic, which is what everyone seems to be freaking out about. But that correction is behind us now and things are looking good again, which is causing a somewhat counter-intuitive anti-anti-freakout a-la your comment. Which is what the linked article is about.
Cheer up, basically. You've been fooled by the discourse into believing things that aren't true.
No? It's relative to pretty much all of 20th/21st century data. Can you point to some numbers that you think tell a different story? We are vastly wealthier than our grandparents. Real[1] median household income is 50% higher today than in the 80's. See: https://fred.stlouisfed.org/series/MEHOINUSA672N
It's down a little (like 5%) across the pandemic, which is what everyone seems to be freaking out about. But that correction is behind us now and things are looking good again, which is causing a somewhat counter-intuitive anti-anti-freakout a-la your comment. Which is what the linked article is about.
Cheer up, basically. You've been fooled by the discourse into believing things that aren't true.
[1] Where "real" means "inflation-adjusted"