What isn't right is that they've cooked the numbers to mask how bad it actually is.tequila4kapp said:
My opinion: the disconnect between people's perception and statistics saying the economy is great isn't the result of some media narrative, it's that traditional measures for determining health of the economy are incomplete or invalid.
I have been commenting for some time that my own financial experience just doesn't make sense. Now I am seeing a young adult family member enter the workforce. FTE is very hard to find. You can get 2 PTE gigs at $18 per hour, 24 hours a week each. That equates to @44k annually. No benefits. 48 hour work weeks. 1 bedroom apartment can be had for @$1300. Car insurance, car payment, gas, phone, food, etc…it can be done but barely, with no future, no career track. Again, it just doesn't add up, something isn't right.
Inflation data epitomize how federal statistics can be a weapon of mass deception. If the feds today used the same inflation gauges used in the 1970s, Biden’s peak inflation would have been 18% https://t.co/1HrwKawGpS
— James Bovard (@JimBovard) April 11, 2024