Economy all an illusion?

When people talk about economic factors and stability I have to roll my eyes; especially these last few years. Maybe some people have truly benefitted from the economic surge or more likely tax cuts but overall if you look at other factors and statistics the story actually seems quite grim to me.

BUSINESS BANKRUPTCY & CLOSURES

First let’s talk about all the businesses collapsing and filing for bankruptcy in the last few years. If business bankruptcies stay on par the last two quarters of this year (to the first two) we will break the record set in 1987. We’ve already surpassed the average total yearly bankruptcy rate this year.

EMPLOYMENT DATA

The media and Trump love to tout the strong employment tallies. But this doesn’t take into account two factors. 1) once you’ve been unemployed for over 6 months you are no longer statistically unemployed and being calculated or counted. 2) The dreaded gig economy employs a lot of people but doesn’t give them real livable wages. The average gig employee makes far less than poverty wages.

HOMELESS AND HOUSING COSTS

The homeless surge and housing costs are what I consider more reflective of actual livability factors in this country and those are trending badly.

And

Millennials spend even more….. probably because a fair amount live in metropolitan and urban areas, in which housing prices are typically much higher.

So…..

Yea. Whatever. πŸ™„πŸ™„πŸ™„

Author: porngirl3

I have always enjoyed reading and writing. Maybe because I have always been on the quiet and reclusive side; which most people may not guess at first glance or if seeing me in a social setting, especially around people I am comfortable with but it’s also not something I have an issue with. I need solitude to recharge. Writing gives me the peace and time to renew myself...here that is offered to you for your enjoyment and pleasure as well. I hope. Lol

3 thoughts on “Economy all an illusion?”

  1. Can confirm. I was making 1600-1800 spend 1200 on rent and utilities, leaving me 300 for food, 50 for internet and 50 for phone and 0 to spare. Couldn’t even afford healthcare lol. I make $15 an hour so I have time to spare on my own personal business that nets me some extra cash but it’s not reliable income. I fixed that situation but that’s working a rough job 30+ hours a week. God forbid I had children. I just couldn’t do it.

    Liked by 1 person

    1. I’m not sure who has made money these last few years. I know people are traveling more, but I think it’s because people are spending money on experiences rather than things.

      I can’t say really. I don’t belong in the upper eahelonof income brackets, but from what I am seeing is a lot of struggle and uncertainty. And those things don’t scream economic boom to me.

      Like

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