American Economics Thread
- Thread starter Bernard
- Start date
But stock market, the only real unbiased metric for measuring economy, is at all time high. I maintain that everything is fine and that dumb millenial and Gen Z plebs shut their pie holes and pull them up by bootstraps like the boomers suggested.
PiSigma
"the engineer"
I didn't know gen z can afford boots in the first place.
Inflation is dead. Completely dead
Sounds like they are dollar rich but materially poor(food, housing etc)
Have to call you out on this because you are citing a right wing oriented source. They are cherry picking certain data to illustrate their opinion.
Deep analysis shows that older Gen Z is partially doing well thanks to fortunate timing with respect to interest rates. Zoomers and younger Gen Z statistics are more mixed.
They cite to a Fed paper that has a fairly standard analysis of the Current Population Survey. Plus a right-wing source would not want to make Biden look good in an election year
Not really. Right wing papers at usually read by boomers who constantly complain that the gen z are complaining too much and US is doing good so the paper will reflect that. I'd say it's actually more likely they skew the date.
Inflation is down but prospect of recession is higher now.