Folks whose incomes increased at the pace of inflation (or greater), who have liquidity, can say the economy is improving or stabilized. Those who don’t will continue to fall further behind. I don’t think most pundits get that. The “behinds” vote too.
Unless prices of basic commodities continue to fall, millions of seniors are faced with a reduced standard of living. Some of us are fortunate enough be able to increase our spending level by 15% to maintain the lifestyle we saved for. My guess is that most can't - especially those in the lower income brackets. All will face the prospect of having inadequate reserves (certainly less than planned) for when we require assisted living or personal care. These days, many people last long past their capacity for independent living. I read today that about one-third of the population have or soon will have incomes of $150,000 per year. You and the democrat spin machine are underestimating (or obfuscating) the effects of inflation increasing at a higher than desirable rate.
Folks whose incomes increased at the pace of inflation (or greater), who have liquidity, can say the economy is improving or stabilized. Those who don’t will continue to fall further behind. I don’t think most pundits get that. The “behinds” vote too.
Unless prices of basic commodities continue to fall, millions of seniors are faced with a reduced standard of living. Some of us are fortunate enough be able to increase our spending level by 15% to maintain the lifestyle we saved for. My guess is that most can't - especially those in the lower income brackets. All will face the prospect of having inadequate reserves (certainly less than planned) for when we require assisted living or personal care. These days, many people last long past their capacity for independent living. I read today that about one-third of the population have or soon will have incomes of $150,000 per year. You and the democrat spin machine are underestimating (or obfuscating) the effects of inflation increasing at a higher than desirable rate.