Yuo can file this under Boiled Frogs, which 90% of Amerikans are. You need to be making 6 figures to be in the Top 10% of Amerikan Wage Earners, and by the analysis of this TikTokker, it takes a 6 figure income to be above the condition of the average Amerikan during the Great Depression. Her analysis is dead on, and basically we have arrived here by a deterioration of wages against the cost of the primary Amerikan family asset of Home Ownership. It doesn't seem so bad because Food has remained affordable (Bread) and Media Entertainment (Circuses) comes cheap.
https://www.distractify.com/p/us-in-depression-not-recession
Woman Argues U.S. Isn't Entering a Recession, but Is Already in the Worst Depression Ever
"25 percent of Americans were unemployed and those that were able to retain their jobs had to take a pay deduction of nearly half," she explained.
Now here's where things get horrifyingly relatable. OP further explains that at the time, Americans who were able to keep their jobs made an average of $4,200 a year during the low point of the worst U.S. economic disaster. Adjusted for inflation, that amounts to $95,000 as of 2023.
She lays out the ugly truth, plain and simple, stating, "If you are not currently making six figures, you are doing worse than someone in the Great Depression."
RE
Woman Argues U.S. Is Already in the Worst Depression ever
Started by RE Aug 31, 2023, 06:43 AM
Message path : / Society / The American economy / Woman Argues U.S. Is Already in the Worst Depression ever
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