As of the end of 2023, the typical U.S. worker could afford the same goods and services as in 2019, prior to the pandemic, and had an additional $1,400 to spend or save per year, according to a January analysis by Treasury officials.
Demar Byas of Pontiac, Michigan referred to experts touting the nation’s economic performance as a “slap in the face.”
“You’re celebrating these numbers, but we are struggling,” said Byas, who juggles several jobs to make ends meet. “It’s no relief in sight, and just say those numbers and to celebrate that, and as I said stuff becomes a slap in the face.”
Yeah I don’t think this is something they’re gonna be able to talk people into lol. The economy might be doing okay, but that means fuck all for the average Joe.
Remember to translate economic news properly.
The EconomyRich people’s yacht money is at record highs, so clearly we don’t have a problem withinflationcorporate price gouging to keep their profit margins above the margins when they were stealing from taxpayers during Covid.Any increase I’ve experienced in my pay has been completely surpassed by healthcare bills and inflation.
And gas and groceries and…
As of the end of 2023, the typical U.S. worker could afford the same goods and services as in 2019, prior to the pandemic
The hell I can.
and had an additional $1,400 to spend or save per year
Bullshit.
And Yellen acknowledged that life remains precarious for millions of people
Yeah, that’s not good. There are 209M 16-64 people in the US.
Childcare is expensive. Education is expensive
That affects a shitton of that 209M.
We know that almost half of Americans on one occasion or another have felt they couldn’t afford to fill a prescription
That’s not getting ahead. Lady you’ve got some WILD definition of “ahead” that I would say over 50% of the United States does not share. Holy fucking shit. You all should fucking stop for a second, especially with interviews with CBSNews. We are not in positive territory. That is not the definition of victory by anyone grounded in reality.
I’m glad people’s paychecks are going up a paltry sum. But none of that makes any difference if we cannot afford food, live saving medicine, or child care. Those are really, really, really fucking important things. There is no victory if those are not addressed. I get since you’re under the treasury, money in/money out is the primary research here. But maybe just stick to those factors and not a broader commentary on the economy if those three basic things are still major issues with over 50% of the United States.
HOLY SHIT how disconnected from reality can one be?
Life is perfect… for her.
Line go up and to the right = economy good. Not that any of us plebs will ever notice. Oh, when line goes down we surely do. But up?
Remember, if you substitute “the economy” with “Rich people’s yacht money”, you have a much clearer picture of where we’re at and where we’re headed, and it’ll put the quotes into perspective.
This is almost on the level of Maoist censorship of any societal ills, while reporting that “all is well as it should be, as laid out for us by our benevolent system”
Reminds me of the prices of commodities always ‘going down’ in 1984.
There is no war in Ba Sing Se
“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.” Orwell, 1984
Looks at my paycheck
Looks at my last grocery receipt
Bullshit
exactly.
I buy the same stuff every week. The most that changes are condiments I don’t need frequently. My grocery bill went from $60-70/week to $100-$110/week. That number hasn’t budged one iota. Neither has my income.
Groceries, property taxes, insurance, restaurants, electricity, it’s all going up.
Fuck. Janet. Yellen.
must be weird to be so divorced from reality…
Can’t be divorced from reality if you were never married to it in the first place!
:P
Janet Yellen takes money from Goldman Sachs and many other K-street banks and continues to do their bidding.
All while unabashedly lying and shitting all over the American citizenry.
She’s been lying about inflation for YEARS now. She thinks we are clueless.
Correct.
Apparently Yellen has some fans in here who dislike facts/history.
So fucking weird, it’s all verifiable information. I’m sick and tired of being gaslit. This administration actually changed the definition of RECESSION
Every administration lies, but it has gotten completely ridiculous.
It was p.r bullshit to put a spin on it, but the actual institutions that “officially” declare a recession didn’t change their definition.
It hasn’t changed, the white house was just pulling typical spin bullshit, while those that actually have the final say on what state we’re in didn’t.
This fully supports my point, thank you 🙏
Why are you booing him? He’s right!
I’ve gotten three raises from my company that haven’t kept pace with inflation lol. It’s ridiculous. Oh, and insurance benefits cut substantially.
My employer hands out raises April 1. They are largely the same for everyone.
April 2021: 2% Inflation the prior 12 months: 3%
April 2022: 2% Inflation the prior 12 months: 8%
April 2023: 2% Inflation the prior 12 months: 4%
Upcoming April 2024: 2% Inflation up to January: 2% (sure to get at least to 3% by March, considering the latest annualized numbers are around there)
So my last 3 and at least my next raise will be below inflation. CPI up ~21% by April 2024. Wages only up 8.2%. I’m now going to be down some $11,000 a year. And that ignores that some necessities (notably food) are outpacing the CPI.
I am?
Well, you have to be one of those “hard workers”… like CEOs.
Another crypt-keeper-style government official
She need to learn difference between main and median.
I make 80% more than my 20 year younger self and I feel like I’m worse off. So yeah not so much.
Ahead of what, Janet, homelessness? Wages are only just catching up enough to keep supporting poverty for the lower class.
