The current economic situation is a funny and puzzling thing. Economic indicators point in different directions. Interest rates and prices at the grocery store and everywhere else are high. Yet unemployment is low. Less than 4% was once considered “full employment.”
“Most” people -- from ordinary working folks to every business person I talk to -- think the economy is bad. Talking heads - like Paul Krugman - say we’re all being delusional.
Maybe how well you think things are going depends on where you sit. Well paid New York Times columnists looking at national numbers have a very different view from workers struggling to pay the rent and afford food. Especially given that stimulus checks, child tax credits and student loan forbearance are a thing of the past.
The current economic situation is a funny and puzzling thing. Economic indicators point in different directions. Interest rates and prices at the grocery store and everywhere else are high. Yet unemployment is low. Less than 4% was once considered “full employment.”
“Most” people -- from ordinary working folks to every business person I talk to -- think the economy is bad. Talking heads - like Paul Krugman - say we’re all being delusional.
Maybe how well you think things are going depends on where you sit. Well paid New York Times columnists looking at national numbers have a very different view from workers struggling to pay the rent and afford food. Especially given that stimulus checks, child tax credits and student loan forbearance are a thing of the past.