The stock market is lying: Wall Street booms, your bank account drowns
The health of the American economy is too often evaluated by metrics that mean absolutely nothing to a family trying to stay afloat. Stock market highs and aggregate growth figures might satisfy financial commentators on television, but they don’t pay the mortgage or guarantee long-term career security.
TL;DR
- National economic metrics like stock market highs and aggregate growth are disconnected from the needs of families.
- Real economic health is determined by local job stability, salary purchasing power, and worker confidence in savings.
- Citizens are more concerned with local job quality and daily cost-of-living issues than abstract national employment data.