My wife and I both got huge raises in the past 2 years, my investments have done well as I switched a bunch to some more aggressive funds when I became confident a soft landing was likely, the value of my house has sky rocketed nearly 50% over the past few years, and we’ve saved enough to be able to do a significant upgrade to our modest house.
Should I think the economy is great or should I recognize that my personal experience is not “the economy”?
I think the point is, most people don’t view the economy through the same economic lens as an economist, or the Fed. People view the economy through their lens of how far their money goes.
Sure, McDonalds, Zuck, Musk, Starbucks, Boeing are all doing well… but I just paid 8 bucks for two cups of small drip coffee at my local shop, and 40 bucks to feed my family of four at McDonalds.
My wife and I both got huge raises in the past 2 years, my investments have done well as I switched a bunch to some more aggressive funds when I became confident a soft landing was likely, the value of my house has sky rocketed nearly 50% over the past few years, and we’ve saved enough to be able to do a significant upgrade to our modest house.
Should I think the economy is great or should I recognize that my personal experience is not “the economy”?
I think the point is, most people don’t view the economy through the same economic lens as an economist, or the Fed. People view the economy through their lens of how far their money goes.
Sure, McDonalds, Zuck, Musk, Starbucks, Boeing are all doing well… but I just paid 8 bucks for two cups of small drip coffee at my local shop, and 40 bucks to feed my family of four at McDonalds.