[bequanna]

Compare food and housing costs vs earnings now and what they were 5 years ago.

In reality, you don’t have to. You know that even if you have been getting a raise at work it is nowhere near what real inflation has been.

This is objective reality. The economy is shitty for most.

[laidoffamazon]

Real disposable personal incomes are up from 5 years ago. The spike in 2020 was because of a flood of government money and all of the low wage workers being ejected from the workforce.

https://fred.stlouisfed.org/series/DSPIC96

The economy being fine to good is literally the only evidence available. Nobody is acting or voting like the economy is actually bad.

We're seeing revealed preferences in action.

[bequanna]

“Real disposable incomes” <- this is based on an inflation measuring methodology that intentionally under measures inflation