/biz/ - Business & Finance

>>55412509
Hate to be that guy be anecdotes don't make a recession. There were a lot of reasons a recession never got called, a lot of it stemming from strong consumption thanks to high TC. Now a days everyone got a job with a TC of an average STARTING minium of about 240k. That goes up to 350k to 400k within a short matter of time. This is after they went to get their four year CS degree, EVERYONE studied that after 1990, CS basically was the only degree people studied and they got the 240k TC or will be getting it shortly. Some even hit around 600k I think, which is more than enough to purchase a home (averaging around 400k) at a 7-8% interest rate. People are able to make money and assets still even in the middle class (roughly the 240 TC i mentioned for example)