Ahhh, excellent news. I already feel less hungry!
“The Economy” is doing well, because price gouging is out of control.
Regular Americans being broke and hungry helps the economy because it means we have to spend money as soon as we get it.
The price gouging helps even more, because it’s pure profit, there’s no reason prices went up besides people will pay it when there’s no other options.
If just fast food went up, people would eat out less, but when groceries, restaurants, and every other option for food sees price increases…
People still got to eat
Hurray for the handful of people that actually benefit from that!
Anyone with a retirement plan benefits from it, which, according to census.gov, is at least half of the population over age 24. You should open one - it’s easy!
You think all stonks go up?
Any regular person putting significant cash in individual stocks instead of index funds is just gambling. All US broad market index funds beat inflation over every 10 year period since index funds have existed.
The S&P 500 has increased 2100% since 1993.
What do you think? Do you have an investment account?
31,188.38 the day Uncle Joe was sworn in, so +8,811.62 - 28.25% of what he started with.
By point of comparison:
Trump:
1/20/2017 - 19,827.25
5/15/2020 - 23,685.42
+3,858.17 - 19.46% of starting value.Obama 1st Term:
1/20/2009 - 7,949.09
5/16/2012 - 12,598.55
+4,649.46 - 58.49% of starting value.Obama 2nd Term:
1/22/2013 - 13,712.21
5/16/2016 - 17,710.71
+3,998.5 - 29.16% of starting value.Source:
https://finance.yahoo.com/quote/^DJI/history/?period1=694362600&period2=1715877818I should open a yacht company and get in on this good economy
