"Americans should feel confident that inflation will come down to levels that will no longer really be noticeable or worrisome to them," Yellen told CBS News.

As of the end of 2023, the typical U.S. worker could afford the same goods and services as in 2019, prior to the pandemic, and had an additional $1,400 to spend or save per year, according to a January analysis by Treasury officials.

Demar Byas of Pontiac, Michigan referred to experts touting the nation’s economic performance as a “slap in the face.”

“You’re celebrating these numbers, but we are struggling,” said Byas, who juggles several jobs to make ends meet. “It’s no relief in sight, and just say those numbers and to celebrate that, and as I said stuff becomes a slap in the face.”

  • Nobody@lemmy.worldEnglish
    431·
    1 year ago

    Remember to translate economic news properly.

    The Economy Rich people’s yacht money is at record highs, so clearly we don’t have a problem with inflation corporate price gouging to keep their profit margins above the margins when they were stealing from taxpayers during Covid.

  • Nudding@lemmy.world
    402·
    1 year ago

    Yeah I don’t think this is something they’re gonna be able to talk people into lol. The economy might be doing okay, but that means fuck all for the average Joe.

  • Mammal@lemmy.worldEnglish
    36·
    1 year ago

    Any increase I’ve experienced in my pay has been completely surpassed by healthcare bills and inflation.