Bidenomics
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@89th said in Bidenomics:
costs were already exploding during the bush and Obama years, and really took off at the end of Trump
Not defending Trump's dumping money into the economy, but the inflation rate when Biden took office was 1.9%.
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@Axtremus said in Bidenomics:
Why parents with young children are reporting a dramatic drop-off in their financial well-being
The Survey of Household Economics and Decisionmaking found a decline in the percentage of parents living with children under age 18 who felt financially secure, dropping from 69% in 2022 to 64% in 2023. That was also down from a record high of 75% in 2021.
So … @89th , @Aqua-Letifer , how are you feeling?
Oh, I wake up with my balls about an inch away from the bandsaw every morning, so inflation's just a nice extra.
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@jon-nyc said in Bidenomics:
Which is it, RNC, median? Or average?
https://www.realtor.com/news/trends/how-much-you-need-to-earn-in-every-state-to-buy-a-home/
Homebuyers in nearly half of the country need to earn at least six figures to be able to purchase a home.
Nationally, the typical household would need to earn $99,000 to buy a median-priced home of $415,500 in February, according to the most recent Realtor.com data. This also accounts for property taxes and insurance costs, and assumes a 10% down payment.
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At the end of the day, the people who cannot afford a home are not going to be overly concerned with rasslin' over the statistical weeds...
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@George-K said in Bidenomics:
Another "revision."
That is probably a good thing. Means that the economy is not growing so fast, which is what the Central Bank is looking for.