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View submission: Thoughts on trump’s economy?
It is fine if things are expensive if you also have more money to pay for them, and by and large, people did. Income outpaced inflation for the vast majority of Biden's presidency, particularly at the bottom end of the scale.
This isn't just reflected in Fed numbers, it was also reflected in the way people acted. Yes, people spent more on food, but that spending was almost entirely on eating out and delivery, not groceries. People traveled more and spent more on leisure and recreation.
People acted like they had more money because they did. Polling reflected that as well. When asked, people overwhelmingly said that their personal finances were fine or better. They said the same about the economy in their state.
The disconnect comes when they were asked about the finances of others. By again, large margins, people said everyone else's finances sucked and they were struggling. Not only that, but the economy in other states sucked too.
Why would people think that? Why would people have assumptions about other people's finances that those people didn't feel themselves?
There's nothing here!