Re:Economic Termites Are Everywhere: stats hide the experien...
by CuriouslyC on Sunday June 09, 2024 @10:56AM
(#40624862)
The vibecession isn't totally wrong, there are a lot of paradoxes you hear when you ask people about how they're doing vs how other people are doing, Paul Krugman has covered this a bit.
The middle class and up is doing well, basically anyone who has mortgage debt and a white collar job. Lower classes were doing well due to pandemic wage gains, but inflation and housing prices have now outpaced those.
The middle class and up is doing well, basically anyone who has mortgage debt and a white collar job. Lower classes were doing well due to pandemic wage gains, but inflation and housing prices have now outpaced those.