Definitely has nothing to do with sky-rocketing food prices in our capitalist hellscape.
this post was submitted on 09 Apr 2024
510 points (100.0% liked)
196
16216 readers
2208 users here now
Be sure to follow the rule before you head out.
Rule: You must post before you leave.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Cuz these economists look at wealth in aggregate, but look at behavior by market segment.
Asset prices have been skyrocketing. That only really helps people who have assets, but it still brings up the average enough to make the economy look it's doing great overall even despite the consumer price inflation.
So if you see that young adults are moving back in with their parents while living in an economy that is, in aggregate, "the strongest it's ever been"... you can only explain it as a matter of preference.