I’ve been reading a lot of “why does everyone think the economy is so bad when all these numbers are so good” articles. They all point to the jobs numbers as if the job market is just roaring. They never seem to mention the adjustments.
Same for inflation. They point to inflation numbers being lower. But they can’t seem to realize that if it was 8% last quarter, and only 4% this quarter, it is still getting worse, just not getting worse as fast as it was.
Then again, maybe they do realize, but also, since they almost always mention it is an election year, they are really just trying to gaslight.
I just read one where they pointed to things like housing going up means people’s wealth is going up. Idiots, the money in my house doesn’t help me buy eggs. And my housing increase just covers the inflation increase.
Absolutely.
And, in addition, since the assessed value of your house goes up, the property tax goes up. Now you have even less money to buy eggs. But the government sees more revenue, so that's nice for them.