Can you make a burrito for less than $20? I went through https://t.co/zgg2kaaT7t just to try. My goal is not to be political or take a side, just to help those who struggle with shopping and prices! Hope this helps!
The latest job report shows 730k new job openings, which means higher demand, and better competition for higher wages. Interest rates are still high, and it would be better if the unemployment rate was under 4.3%, but this is some positive news for now!
Next, the mortgage crisis. Consumers wanted homes, even though they couldn't afford it. Realtors/bankers wanted to sell as many homes as possible, and the government encouraged home buying without consequence. When everyone realized no one could pay, the economy crashed.
Could things in the economy be looking up? Unemployment: unchanged month-month 4.3% (not great, not terrible). Stock market: Record highs.
Inflation: High (due to gas)
Gas prices: High
The economy has strong potential, but the US needs to focus internally to boost the economy.