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A comment on U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected. Parent comment

Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by coliveira on Thursday October 26, 2023 @10:00AM (#38025674)
It all depends on what kind of social group you're in. Upper middle class and higher are still doing just fine. People like you most probably don't have friends who are living in the streets or cannot afford to buy cars anymore. Just look at the statistics of people living in the streets of big cities and the situation looks more like the great depression.
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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by anovikov on Thursday October 26, 2023 @10:03AM (#38025719)
Homelessness is on a long term decline and since 2007, it's down from 0.21% to 0.17% population. It's probably just concentration in the certain area because of police doing a bad job cleaning the streets.

Also, economic growth in U.S. is now mostly concentrated in lower income groups. It seems that high middle class (statistical one, i.e. top 10-20% of population - "people just out of poverty" if you look at it honestly), are on the losing side now. Hard numbers are hard to come by but once the tax season is over we will see them next year.

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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by MattGaiser on Thursday October 26, 2023 @10:11AM (#38025831)
> Just look at the statistics of people living in the streets of big cities and the situation looks more like the great depression.

https://usafacts.org/articles/how-many-homeless-people-are-i...

There are fewer homeless than before 2008, which was a period of economic boom.

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