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Rent is not “gas and groceries”. The U.S. isn’t building enough housing. Especially in places people want to live. This is a multi decade problem and almost fu
by addicted 4y ago
Rent is not “gas and groceries”.
The U.S. isn’t building enough housing. Especially in places people want to live. This is a multi decade problem and almost fully explains the migration to southern cities.
The marginal rise in gas, as the OP claimed, has nothing to do with why credit card rates are soaring. And the OP’s dismissing job numbers is also incorrect, because wages are increasing and that is playing a huge role in offsetting the pandemic/Ukraine war related inflation.
- djitz 4y agoI guess I’m one of those weirdos who took that to mean “people can’t afford to live” and not so much a statistical analysis on the price of gas and groceries.
- CryptoBanker 4y agoPeople love to poke technical holes in arguments like this when they don’t believe that many many people in the United States are having serious troubles making ends meet
- datavirtue 4y agoI think it stems from laziness. It's odd though because the things these people put themselves through (Amazon package delivery, Door dash, Uber) is far from easy and makes them look and feel really productive. The good jobs are going to require mental ambition to get training or even find a job that isn't pushed in their face with VC money. Bogged down all day and can't make ends meet? New plan, you have nothing to lose.