How are those 401ks?
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Pretty common practice for survey data. IRS filings are used as more reliable data than statistical sampling. (They do this for migration as well even though I is technically backwards looking).
Basically, you're looking at 2018-2021. Not sure their methodology for net worth but I'd suspect it's similar.
So families benefited from the Trump Era, free tree handouts like the checks and moving the child tax credit, and rising home/asset prices before inflation from rampant goverment spending really ate those gains.
That would be my interpretation anyways, I'm doing this all on mobile and do make mistakes. I'm willing to have an honest good faith discussion if you are.
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What is not in the CPI is the cost of money.
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So what you're saying is from 2019, end of Trumps best year, to the end of 2021, Biden's first year, people's net worth gained 38%? I 'll tell you this, no one grew anything in 2020 and the stock market and housing have exploded since 2021 so that number is even better if we were to pull that report then!
Bidenomics!!!
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Just not a serious person
At all
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Yet all I do is point out facts. Something y'all can verify. Did you see my latest stock picks? I'm waiting to see the excuses this time.
Yall should have listened to me. You too would have beat inflation.
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*sigh
I tried.
Inflation of non-liquid assets doesn't exactly help people when their liquidity dissappears due to Inflation.
Which is reflected in all the equity lending and hardship disbursements.
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This is a fairy tale youre telling. If I own $5000 dollars worth of stock, I can sell that in a minute for it to become liquid. When presented the option on whether you're going to take away peoples non-liquid assets and reverting to those prices from 2021, NO ONE would take that deal (Well maybe EverettChris, but dude's parents are brother and sister)
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Pretty big IF statement. Again, you seem to be confusing our individual financial conditions with the average Americans'.
Listen though, I'm fully supportive of the gnu Dem platform of crony government rent seeking elites fucking the working class over. Seems like a winning platform.
