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A comment on Economic Termites Are Everywhere: stats hide the experience of being cheated. Parent comment

Re:Economic Termites Are Everywhere: stats hide the experien... by bwanab on Sunday June 09, 2024 @02:03PM (#40626258)
The personal experience of the economy isn't quite as you make it. In polls, people do complain about the national economy being in terrible shape, but by a fairly good margin report that their own finances are in good shape. It's hard to weave a coherent narrative from those contradictory data.
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Re:Economic Termites Are Everywhere: stats hide the experien... by enraged_camel on Sunday June 09, 2024 @02:18PM (#40626372)
This discrepancy is easy to explain. My personal finances are quite fine but I have a LOT of friends who have to make a living doing several gig jobs. Said friends are, on paper, employed, and are getting by. But they are quite miserable: stressed, overworked, no leisure time and no benefits.

That’s why the article author is correct that macro stats aren’t good at capturing the quality of the lived experiences of people - just the quantities.

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