The Real Reason No One Is Giving Biden Credit for How Good the Economy Is Right Now

Rapidcreek@lemmy.world to politics @lemmy.world – 154 points –
The Real Reason No One Is Giving Biden Credit for How Good the Economy Is Right Now
slate.com
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I'd love to see a chart showing disposable income. Something tells me the rosy picture of the economy is for a segment and overall things are worse.

I'm not sure this is the best metric, since someone who's able to make it when before they couldn't make it at all, is much better than someone at the top just having more disposable income now. The OP article goes into some metrics like wage disparity and unemployment that touch more directly on economic survival as opposed to wealth at the top. But if you want to see disposable income then sure. The little divot followed by resumption of the upward line after the Covid chaos is what OP's article is talking about: Biden recovering the economy from Covid almost as if it hadn't happened, which most first world countries haven't been able to do.

Things are a lot better for people who are poorer than you and a little bit worse for people like you. And also probably a LOT better for people who are filthy disgusting rich.