Why CNN’s Claim About Americans Being ‘Wealthier’ Than Ever Is Crapola of the First Magnitude

NewsBusters ^ | 9/12/2023 | Joseph Vazquez

[sauropod]

bkmk

[gov_bean_ counter]

Tired of the PC gaslighting talk. Please call it what it is, A LIE.

[hinckley buzzard]

If the gop were serious about contesting the elections, they would be playing this to the people who are struggling to live paycheck to paycheck and drowning in 20% debt, and say “Look—Biden is telling you, you never had it so good!” Then run on restoring the Trump boom years.

[asinclair]

Know what happens when you are forced to retire? Your net worth starts dropping. Social Security retirement benefits don't begin to cover the costs of living, unless you sell EVERYTHING and move into crackerbox housing. If said crackerbox is part of a nursing home, even that won't do the trick.

It's the old saw:
How do you hold a small fortune?
Start with a large fortune.

[I-ambush]

And though we had plenty of money,
There was nothing our money could buy.

[DownInFlames]

Right. Thats why i took a pt job while living on SS.

[OrioleFan]

CNN goes Judge shopping for and “economist”.

[subterfuge]

Ramp up the class warfare!!

[Osage Orange]

I call BS!!

[dfwgator]

Fine, most of the mega-rich are Democrats anyway.

They want it, they got it.

But when they ratchet up the Class Warfare schtick, it’s meant to soak the “Bourgeoisie.”

[lapsus calami]

 

 

Remember when used to laugh at those iron curtain nations during the Cold War for presenting comparable absurdities as news.

 

 

[Macoozie]

“US household wealth hit a record $154.3 trillion”

75% of it held by Blackrock and the rest of the Cartel.

[depressed in 06]

I am sure CNN is wrong, they meant whitey-American.

[pops88]

Hardly. The .gov has plundered our inheritances, bank accounts and health to finance our destruction by our enemies to whom they give our wealth under the guise of “aid” while stuffing their own pockets. Ironically, they’re the real slaves. If people woke up to them being the slaves, as they rely on us, the world would be very different.

[KarlInOhio]

By this measure Zimbabweans were incredibly rich with hundreds of trillions of dollars each. Maybe even quadrillions if they were going out to buy a loaf of bread.

[equaviator]

America’s “poor” are wealthier than ever!

[pops88]

People were upset about “Obama phones.” I was upset in the 90’s when as a working professional could barely afford a cell phone, but discovered poor people in the 3rd world countries I went to were glued to theirs. “How do they afford them, and how do they pay for the minutes?!” That’s when I knew how badly we’d been ‘had.’ That was around the time sterilizing agents in vaccines were exposed as being used in the Philippines, causing a scandal few ever heard about.

[Organic Panic]

Well heck... Every Zimbabwean is a multi millionaire.

Heck, I was a multi millionaire when I was in Chile....

[Vaduz]

Matt Egan sounds like Biden must be one of his script writers.