Comment by redlock

This is my observation as well. Recent market gains doesn't reflect how inflation eroded most people purchasing power.

People today are worse off than before Covid even though the market is much higher.

Debt fueled growth (through quantitative easing and deficit spending) is not healthy and always has a bad ending.

Real economic growth is what was seen between 1950 and 1970 where purchasing power increased and most of the gains went to the middle class.