The economic report is full of sadness, injustice and apprehension. Gas prices have skyrocketed. Inflation is back after a 40 year hiatus. Becoming a landlord is impossible for many tenants. Service workers have faced perils during Covid for which they have not been properly compensated while the top 1% have been richly rewarded.
All true. But for many middle-class Americans, the past 10 years have also marked exceptionally good times.
We are not talking about people who have invested in Bitcoin, worked for a very successful start-up, or bet the farm on Tesla or Apple stocks. This is a more modest but broader success: homeowners see the value of their home increase. Workers are getting better paying jobs in a tight labor market. Retirement accounts increase in value thanks to the rising stock market.
The New York Times reports a story about those who think they are doing well financially, even though they may also be worried about what might happen tomorrow. If you belong to this group—however you would define “doing well” in your personal situation—we would like to know how it has affected your life.
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