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Majority of Americans wrongly believe US is in recession – and most blame Biden
(www.theguardian.com)
this post was submitted on 22 May 2024
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politics
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It is legitimately such a weird economy, because by all the standard broad metrics it is doing fine, but on an individual basis it varies widely. Cost of living has shot up with inflation, but wages generally didn't go up to match, particularly for people who kept the same employer throughout the Pandemic until now.
The only metric that is important is how far their paycheck goes, and it simply doesn't go as far anymore.
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I find it so sad to see The Guardian of all news organizations join in on this bUt ThE eCoNoMy ThO bullshit. Fortunately it looks simply like a poorly written article, but that's little comfort for the damaging effects it will have regardless, e.g. in my trust of The Guardian articles henceforth.
Also, it's not just that, when it combines clickbait headlines with the first half of the article working to obfuscate the Truth with correct but irrelevant facts - beatings will continue until moral improves - even if the second half tries to sound more balanced. Is Fox News going to be the goal now, even if only for the first half of every article, going forward?
Average people, who don't own stock (or if they do, don't rely on it as their primary source of income) could care less about bUt ThE eCoNoMy ThO or even the theoretical underpinnings of inflation, and care far more about their current job security and cost of actual food. Whether the proper term of "recession" applies or if it instead is some other word that should be used to describe it, either way the economy is "not good", so hyper-focusing on uneducated people not knowing the technical definition of "recession" doesn't seem to be helping the situation any? Even if it sells advertising space for this article:-(.
The AutoTL;DR summary, with no title and much of the rage-baiting removed, is much better than the actual article.
'Wrongly believe' is the weakest attempt at gaslighting I've seen today.
Lol people are feeling the recession regardless of what your numbers say.
We are obviously not currently in a recession but the economy is not great for regular folks, however it has not been since like the 90's.
Since this is a problem of perception the question becomes what do people think the economy would look like if it was doing well? What hasn't changed in their lives that they expected to when the economy started doing better?
The GDP says you’re doing fine. Stop complaining that you have to live with you're parents.