The peak thrust of $6 trillion worth of COVID-related stimulus for consumers and businesses flowed through in 2021. As those programs ended, the “excess savings” that built up while people were stuck at home receiving stimulus checks dried up and were basically gone by the end of 2023.
Six trillion didn’t all go to the working class, PPP loan fraud and all.
For you to save you must have money remaining after consumption. Most low income people spend what they have on essentials or if it’s still not enough go into debt. So, the tiny stimulus most people recieved isn’t enough to cover anything.
So, if Americans are comparing the economy now to one from three years ago that featured the government raining down helicopter money, then yeah, it’s a little tougher.
More like the capitalists were so scared of a revolt that they gave a few breadcrumbs to the poor.
the “excess savings” that built up while people were stuck at home
I was able to save so much money because the government also paused all my expenses like rent and food and car loan and healthcare and etc. Oh wait, they didn’t and most Americans were living paycheck to paycheck before then and paycheck to paycheck after then???
Weird they never mention the quality of jobs.
Six trillion didn’t all go to the working class, PPP loan fraud and all.
For you to save you must have money remaining after consumption. Most low income people spend what they have on essentials or if it’s still not enough go into debt. So, the tiny stimulus most people recieved isn’t enough to cover anything.
More like the capitalists were so scared of a revolt that they gave a few breadcrumbs to the poor.
I was able to save so much money because the government also paused all my expenses like rent and food and car loan and healthcare and etc. Oh wait, they didn’t and most Americans were living paycheck to paycheck before then and paycheck to paycheck after then???
Only reply you’ll ever need to a “Biden created this many jobs” person is “yeah, I have three of them and can’t pay rent”