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Reply to "$7/gallon gas is coming"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Saw something really interesting yesterday about the gap between Americans’ reality and perception of the economy. Most people are actually doing pretty well, but the psychological impact of rising prices is making people feel like they have less. The truth is, wages are up. People just want more for less, like they always do. I’m paying at the pump, I don’t love it, but the economy really is ok.[/quote] You're not a middle class worker with a family and commuting ro work.[/quote] I am actually. But my house has gained over 150k in equity in one year. We refinanced and did some maintenance we had been putting off. We have a little less expendable income than we did during the pandemic, but are finding ways to make up the difference and save. We have definitely been through much worse.[/quote] Im very happy for you, but true middle class workers don't have homes that gain 150,000 equity in one year.[/quote] Yeah they do. You’re not talking about the middle class. Anyway, here is the thing I saw. Fascinating. People feel that they are personally okay, but perceive that others are worse off. The truth is that people that are struggling today were struggling before. And we haven’t done anything to help them because Manchin killed BBb https://www.axios.com/2022/06/07/economic-data-america-housing-jobs-inflation[/quote] YOU aren't talking about the middle class.[/quote] Your feelings aren’t data driven. [/quote] Data is out there showing middle class earnings are about 30,000 90,000 yearly. [/quote]
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