Lee Duna to [email protected]English • 2 years agoWhy Americans feel gloomy about the economy despite falling inflation and low unemploymentapnews.comexternal-linkmessage-square252fedilinkarrow-up1350
arrow-up1350external-linkWhy Americans feel gloomy about the economy despite falling inflation and low unemploymentapnews.comLee Duna to [email protected]English • 2 years agomessage-square252fedilink
minus-square@[email protected]linkfedilink66•2 years agoBecause those two metrics are meaningless for the average person. Inflation is trending down… After it skyrocketed and is still way above affordable ranges. Employment rates are high… But those jobs don’t pay living wages. Go check how much savings the average American has, check what an average doctor’s visit costs, and then maybe you’ll understand the gloom.
minus-square@[email protected]linkfedilink2•2 years agoMedian figures are more accurate and scarier than average.
Because those two metrics are meaningless for the average person.
Inflation is trending down… After it skyrocketed and is still way above affordable ranges.
Employment rates are high… But those jobs don’t pay living wages.
Go check how much savings the average American has, check what an average doctor’s visit costs, and then maybe you’ll understand the gloom.
Median figures are more accurate and scarier than average.