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The economic report is full of gloom, injustice and premonitions. Gasoline prices skyrocketed. Inflation is back after 40 years of sleep. For many tenants, owning a home is impossible. The top 1 percent were richly rewarded, as service workers faced dangers for not being adequately compensated during Covid.
All true. But for many middle-class Americans, the last 10 years have also marked unusually good times.
We are not talking about people who have invested in Bitcoin, worked for a very successful startup, or invested the farm in Tesla or Apple stock. This is a more modest but broad-based achievement: homeowners who increase the value of their homes. In a tight labor market, workers find better-paying jobs. Thanks to the rising stock market, the value of retirement accounts increases.
The New York Times is running a story on those who feel financially sound, even if they’re worried about what might happen tomorrow. If you’re in this group – but you can define “doing well” in your personal situation – we’d love to hear how this affects your life.
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