Row 76369

Row ID: 76369 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 76369 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Bankruptcys evictions are up fact is "unemployment" is a soft measure jobs added are they part time min wage trash. Are they listing for a fire and rehire wave where they drop wages.

Most people fall below the median income and below the median quality of life and income plummets fast. With such high income inequality10% higher bracker makes double four times the last. BUT when your working down from marginally comfortable 60-70k at center.

Thats a whole lot of people not able to afford copay or good health insurance alot of people putting utilitys on a credit card. Eating less to stretch the check.

Problem is most measures including unemployment but also down jones and all that other crap. Completely miss the reality of lower income people.

When 2020 covid unemployment screwed with rates. And in april 2020 it peaked around 14% the bottom 20% of earners had a 25% unemployment rate. While the top 20% had a 5% unemployment rate.

Meaning economic "reality" for lower earners was comparable to that of a great depression. While high earners it was comparable to a good healthy year.

And this holds true across the board. In every measure inflation "housing" which is around half of low incomes expenses. Went up 20% every year for almost a decade now. Custom yacht prices 11% increase after covid and pre covid it was only around 5%.

The big expenses for one group is not the same. Also looking at how much student loans eats into "earnings and savings" for lower income people.

When you look at it like this they will pay 2-3 times as much for education in interest. As well as lose investment or savings opportunity which would be utilized to enter housing market etc. Lower income ends up paying more for their state college degree than a ivy league legacy does.

FieldValue
text Bankruptcys evictions are up fact is "unemployment" is a soft measure jobs added are they part time min wage trash. Are they listing for a fire and rehire wave where they drop wages. Most people fall below the median income and below the median quality of life and income plummets fast. With such high income inequality10% higher bracker makes double four times the last. BUT when your working down from marginally comfortable 60-70k at center. Thats a whole lot of people not able to afford copa…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-24
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Raw Record

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  "text": "Bankruptcys evictions are up fact is \"unemployment\" is a soft measure jobs added are they part time min wage trash. Are they listing for a fire and rehire wave where they drop wages. \n\nMost people fall below the median income and below the median quality of life and income plummets fast. With such high income inequality10% higher bracker makes double four times the last. BUT when your working down from marginally comfortable 60-70k at center. \n\nThats a whole lot of people not able to afford copay or good health insurance alot of people putting utilitys on a credit card. Eating less to stretch the check. \n\nProblem is most measures including unemployment but also down jones and all that other crap. Completely miss the reality of lower income people. \n\nWhen 2020 covid unemployment screwed with rates. And in april 2020 it peaked around 14% the bottom 20% of earners had a 25% unemployment rate. While the top 20% had a 5% unemployment rate. \n\nMeaning economic \"reality\" for lower earners was comparable to that of a great depression. While high earners it was comparable to a good healthy year. \n\nAnd this holds true across the board. In every measure inflation \"housing\" which is around half of low incomes expenses. Went up 20% every year for almost a decade now. Custom yacht prices 11% increase after covid and pre covid it was only around 5%. \n\nThe big expenses for one group is not the same. Also looking at how much student loans eats into \"earnings and savings\" for lower income people. \n\nWhen you look at it like this they will pay 2-3 times as much for education in interest. As well as lose investment or savings opportunity which would be utilized to enter housing market etc. Lower income ends up paying more for their state college degree than a ivy league legacy does.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-24",
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}
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