By many metrics, the US economy is humming along. The jobs market is robust; consumers are spending again; and inflation has eased to a three-year low.
Hmm , in 2020 the interest rates for buying a house was around 3.1%, now it’s around 6.8%. When we’re pricing people out of the ability to afford housing (interest rates going up affects rent prices too, who knew) people will be rather upset… especially given that they see little to no benefit from this “good economy” given the layoffs in certain sectors, the gas prices being over 9000, and not one, but two wars abroad where at least one of the parties in each is perfectly fine targeting civilians.
But hey, at least Google and Amazon are raking in the profits, I guess.
Hmm , in 2020 the interest rates for buying a house was around 3.1%, now it’s around 6.8%. When we’re pricing people out of the ability to afford housing (interest rates going up affects rent prices too, who knew) people will be rather upset… especially given that they see little to no benefit from this “good economy” given the layoffs in certain sectors, the gas prices being over 9000, and not one, but two wars abroad where at least one of the parties in each is perfectly fine targeting civilians.
But hey, at least Google and Amazon are raking in the profits, I guess.
Okay but did you read that the economy is doing good? Try reading it again.