/biz/ - Business & Finance

>>57477043
>people really do seem just fine
idk about "fine" it really depends on what you do or where you are.
A lot of boomers made out like bandits and are now spending down their retirements. Many younger people have given up saving for a rainy day, or to have children or buy a house and are spending on junk. Credit card debt IS increasing though, at a somewhat rapid rate.
The jobs data is utterly garbage for the most part, just need to look at response rates to see it. The lowest paid wagies have gotten massive (% wise) raises which is driving spending, but they still don't make enough to ever own a home and can generally barely afford a shithole apartment. The highest paid wagies have likewise seen a massive boost to wages as they have in demand skills and companies aren't wasting money and time training now that capital is drying up.
The middle is what is feeling the pinch the most