I look at business and personal spending more than polls.
Yes, most people are doing well. There’s opportunity everywhere right now, and a lot of people are taking advantage of it. I’m watching buildings and houses go up while everyone says it can’t be done. Jobs are available all over the place, wages and benefits are up. It’s a great time to start a small business. I’ve lived through much higher inflation than today’s so it doesn’t scare me, it motivates me to take advantage of it.
Some people have gotten themselves into a funk. I’m not, maybe because I never watch TV or its news. I observe what’s going on in the trenches and talk to the people who are making things happen. They are kicking butt. I’m investing in them, like always.
“It’s a great time to start a small business.”
Do not agree on the above. We have yet to see the full effects of inflation hit and at some point interest rates will begin the inevitable climb. Will it be like the 1970’s? Unknown right now but I can tell you I owned a small business which I started in Dec of 1970 and you had to be there to understand the slow grinding toll taken by what then was referred to as stagflation.
I survived it by laying off all the help and myself and my wife each working 80 plus hour weeks with no weekends off (it was a retail business). My business was in the most affluent area of Bergen County NJ which itself was mostly hi rent.
I hope you are right but it is too soon to tell.