Somebody PLEASE tell the damn people who call themselves economists to stop telling us the American economy is doing ‘Good’ …..
At least not for us middle and lower class people…
Gas prices keep bouncing up…..
Interest rates are going to go up….
The tax cut that gave rich people more money have give us little to gain….
If you have a student loan?….You’ll be paying it forever….
Employer’s are giving 1% raises, if any at all….
And your President is throwing tariff’s around like ping pond balls that will surely raise the prices on just about everything….
WHAT GOOD ECONOMY?
The above looks like an invitation for a good ole fashion RECESSION….
From drivers paying more for gas and families bearing heavier child care costs to workers still awaiting decent pay raises and couples struggling to afford a home, people throughout the economy are straining to succeed despite the economy’s gains.
They are people like Katy Cole, a 33 year-old music teacher from North Creek, New York, who’s still repaying her student loans. It took her two years of working a second job to repair her credit and amass enough money to try to buy a home with her boyfriend. She just gave birth last month — the fourth child in her blended family — which means having to take unpaid leave from her school job.
“As far as the numbers saying everyone is working, that’s great,” Cole said. “But is everybody surviving? I don’t think so. In a great economy, everybody is thriving — and not just a certain group.”
When analysts at Oxford Economics recently studied American spending patterns, they found that the bottom 60 percent of earners was essentially drawing on their savings just to maintain their lifestyles. Their incomes weren’t enough to cover expenses.
“Many people are still living on a paycheck-to-paycheck basis,” said Gregory Daco, head of U.S. economics at Oxford…..