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The bottom line: More than $2 trillion in wealth held by the middle class has been eliminated since the Fed started hiking, according to data compiled by economists at the University of California, Berkeley.
The Federal Reserve is not part of the Biden administration.
The Federal Reserve is not part of the Biden administration.
Exactly right.
sholomar already touched on it - over-inflated home values due to the pandemic are now cooling off. Which is a good thing, despite the notional hit to net worth.
Democrats don't seem to understand how punishing this time period has been for our nation's retirees. Or maybe they do. They are always talking about how when the boomers pass, the USA will become a one party nation with the democrats running literally everything... All because republicans aren't willing to "forgive" student loans and hand out reparations for slavery to people who never personally experienced or suffered through slavery.
Why do you want to harm our nation's retirees democrats? Cannot you let people fade into history with dignity? There's no need to hasten the process by making life more difficult than it has to be.
I work in tech and TONS of companies are laying off. I can't remember a time that it was this bad.
Also, buying a house is very difficult nowadays. I used to see for sale signs all over the place in my area. I see very few now.
The economy is NOT good. Inflation and gas have whittled salaries down, and interest rates are crushing the home buying and capital expenditure markets.
I would guess a big part of this is that no one wants to lose their sub-3% interest rates by selling their home and buying a new one. I am certainly in that boat.
I live in a tourist area, and I am seeing a lot of the houses bought during COVID up for sale again, at huge profit from just a few years ago. The Air BnB market has slowed down tremendously, and the houses are now for sale. Some of these were owned for only a year or two at most.
Sadly, we are retired, and our savings is now worth at least 25% less with Biden in office. The prices are still going up on everything too!
I don't think those that supposedly voted and those that actually voted for Biden care if he is a vegetable, but for the socialist agenda, of which they are just ignorant of where that goes in the long run. Then, the other thing would be that like Biden, they are vegetables! Many more so interested in their sexual being or killing their gestating babies, that they can't think of anything else.
I would guess a big part of this is that no one wants to lose their sub-3% interest rates by selling their home and buying a new one. I am certainly in that boat.
I live in a tourist area, and I am seeing a lot of the houses bought during COVID up for sale again, at huge profit from just a few years ago. The Air BnB market has slowed down tremendously, and the houses are now for sale. Some of these were owned for only a year or two at most.
We're not in the market for other reasons - we love our current house - but if we were looking, the bolded would absolutely be an impact/consideration.
Sadly, we are retired, and our savings is now worth at least 25% less with Biden in office. The prices are still going up on everything too!
I don't think those that supposedly voted and those that actually voted for Biden care if he is a vegetable, but for the socialist agenda, of which they are just ignorant of where that goes in the long run.
They love the system more than they love the people who would suffer under said system, obviously. They want us to live like cattle, except I think cattle eat real food. They would prefer us eating lab grown food that mold and bacteria probably wouldn't consume. 1984 is here, and it ain't pretty.
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Many more so interested in their sexual being or killing their gestating babies, that they can't think of anything else.
