this post was submitted on 29 Oct 2023

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the_dunk_tank

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imagine being as out of touch as a liberal celebrating the Biden economy (hexbear.net)

submitted 10 months ago* (last edited 10 months ago) by [email protected] to c/[email protected]

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contrast that with reality:

https://ssti.org/blog/large-percentage-americans-report-they%E2%80%99re-struggling-make-ends-meet (May 2023)

Almost 40% of American adults report they struggle to make ends meet each month, an increase from 34.4% in 2022 and 26.7% in 2021.

https://usafacts.org/data-projects/housing-costs (May 2023)

50% of renters and 21% of homeowners spend ≥ 30% of their income on housing, while 25% of renters and 9% of homeowners spend ≥ 50% of their income on housing.

https://www.fool.com/the-ascent/research/average-monthly-expenses/ (Sep 2023)

The average US household spends 29% of their income on housing, 15% on transport, 11% on food, 11% on insurance and pensions, 7% on healthcare, and 2% of education

That adds up to around 76% of income spent on necessities.

https://ir.lendingclub.com/news/news-details/2023/LendingClub-and-PYMNTS-Research-Shows-86-of-Consumers-Live-with-One-or-More-People-Yet-Those-Living-with-Only-Partners-or-Spouses-Reap-the-Financial-Benefits/ (July 2023)

In June 2023, 61% of U.S. consumers lived paycheck to paycheck, unchanged from June 2022 — as is the share of those struggling to pay bills (at 21%)

imgur thread where I saw the picture

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[–] [email protected] 33 points 10 months ago (1 children)

Almost 40% of American adults report they struggle to make ends meet each month, an increase from 34.4% in 2022 and 26.7% in 2021

Jesus. That’s a fucking huge increase. And 2021 is still a year into the pandemic. What was it in 2019?

[–] [email protected] 18 points 10 months ago

40% of Americans are too stupid to appreciate Biden’s long term vision. They should stop complaining and thank him!

[–] [email protected] 28 points 10 months ago (1 children)

If I hear another person say "inflation is going down, actually" I'm going to plant them like a tree

[–] [email protected] 9 points 10 months ago

Or "other countries are worse", its insane the bubble these lunatics are in

[–] [email protected] 25 points 10 months ago* (last edited 10 months ago)

You might think GDP doesn’t reflect the living standards of the people, that is true, but it matters a lot to the stock market. When GDP goes up (as it does currently), the stock market line goes up.

America is a hyper-financialized country. It has gone so far beyond the industrial capitalism of the mid-20th century, that all that matters now is real estate, stocks and bonds.

For the top 10% who own property, stocks and bonds, Bidenomics is working real well for them. For the rest of the country, student debt repayment and the interest rate hikes are squeezing wealth out of their hands and transferring them to the hands of the top 10%.

[–] [email protected] 20 points 10 months ago

But line go up!

[–] [email protected] 17 points 10 months ago

Biden’s approval is in the toilets for the entire nation yet it’s the conservatives that are the problem lol

[–] [email protected] 16 points 10 months ago

Y’all got any of that booming economy money ??

[–] [email protected] 10 points 10 months ago

Where's my $2000 Joe

[–] [email protected] 8 points 10 months ago

americans will cope until moral improves

so indefinitely