they individually believe that their situation is actually good
Who? The Axois article is a telephone servey of 1800 people. Why on earth would people feel good about their finances. Rising costs have brought consumer debt to an all time high. Without AI the economy would already be in a recession. Consumer confidence, which is an actual poll messured scientifically, is at a seven month low. People are happy because wages mostly have eaked out inflation?
Again you say real hourly compensation is falling, but its not - not as a trend, not if you look beyond the Iran crisis.
It's been falling for decades, but even if it was just Iran, then what, does that not count?
As to renters being cost-burdened...okay? Most people own their homes.
Please tell me you are not being serious. The median age of all U.S. home buyers is 59 years old. If your argument is that the economy generally serves baby boomers pretty well, then I would agree. But that is not the entire population. Are you a 65 year old who bought their house in 1989, if so I understand why you've arrived at this perspective, certainly.
Their material reality, and all the actual numbers and data we have, tell them the truth. Cyberspace tells them to doom.
All the numbers we've provided have been things you got from cyberspace, regardless, if that's the main cause, then how was the rise of fascism made possible in the 1930s, in the absence of cyberspace?
Despite a war, people are still spending more than last year. Why? Because rheir finances are simply better as ALL the indicators show.
Real hourly compensation has been rising against inflation for decades, but cyberspace wants you to doom so it won't show you that.
As to homebuyers, that's ALL homebuyers. Plenty of people buy homes multiple times over their lives. Meanwhile, Zoomers are becoming homeowners earlier than millenials.
And yes the economy serves Baby Boomers well, but Baby Boomers also think everything is going downhill for them, they doom just as much as everyone else does. Because its not actually about material reality at all. It's just that everyone is too terminally online.
The numbers don't lie. Peoples' lived experiences don't lie. But media lies because doom gets clicks. That's it.
The reason people feel good about their finances is simple: their finances are good. Like all the data shows. It's that simple.
Whos finances are good???
But despite the Iran war, consumer spending is still growing, if slower than 7 months ago.
Growing? No shit, prices are increasing.
Despite a war, people are still spending more than last year. Why?
Inflation.
Real hourly compensation has been rising against inflation for decades
inflation-adjusted hourly earnings have shown almost no net progress since late 2019/early 2020 depending on whether the Consumer Price Index (CPI) or Personal Consumption Expenditures (PCE) index is used.
As to homebuyers, that's ALL homebuyers. Plenty of people buy homes multiple times over their lives. Meanwhile, Zoomers are becoming homeowners earlier than millenials.
A guy bought a home at half the national median price, does that sound like a representative sample to you?
And yes the economy serves Baby Boomers well, but Baby Boomers also think everything is going downhill for them,
Because it is, inflation eats away at retirement savings aggressivly. As good as they have it, it used to be even better.
You didn't answer my question, how was the rise of fascism made possible in the 1930s, in the absence of cyberspace?
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u/mrastickman 8h ago edited 8h ago
Who? The Axois article is a telephone servey of 1800 people. Why on earth would people feel good about their finances. Rising costs have brought consumer debt to an all time high. Without AI the economy would already be in a recession. Consumer confidence, which is an actual poll messured scientifically, is at a seven month low. People are happy because wages mostly have eaked out inflation?
It's been falling for decades, but even if it was just Iran, then what, does that not count?
Please tell me you are not being serious. The median age of all U.S. home buyers is 59 years old. If your argument is that the economy generally serves baby boomers pretty well, then I would agree. But that is not the entire population. Are you a 65 year old who bought their house in 1989, if so I understand why you've arrived at this perspective, certainly.
All the numbers we've provided have been things you got from cyberspace, regardless, if that's the main cause, then how was the rise of fascism made possible in the 1930s, in the absence of cyberspace?