But of course the article doesn’t want to get too specific.
If the goal is having less Americans living paycheck to paycheck, the solution is crash the housing market and also consumer (credit card) debt relief.
Until then, the beatings growing class divide will continue until morale improves.
Briefly mentions debt and rent.
No numbers though.
Rent/Housing Costs are 420% (up 320%) of what they were in 1982, assuming you live in or near a city, you know, where jobs are.
Wages are 120% (up 20%) what they were in 1982.
https://fred.stlouisfed.org/graph/?g=1raP7
Also, debt levels continue to skyrocket with approximately a third of Americans having a negative net worth.
https://www.creditkarma.com/about/commentary/americans-have-a-net-worth-problem-and-its-not-positive
But of course the article doesn’t want to get too specific.
If the goal is having less Americans living paycheck to paycheck, the solution is crash the housing market and also consumer (credit card) debt relief.
Until then, the
beatingsgrowing class divide will continue until morale improves.