Even wealthy Americans are struggling to make ends meet

[Gatsby]

so during Trump years can you point me to the act/rule/law that subsidized Home Loans please ?

I don't think interest rates generally were lower than the macroeconomic conditions warranted during Trump's presidency. Trump grumbled occasionally about thinking they were too high, but Jay Powell basically ignored him. Overall the Fed has been pretty well-governed for the past 20 years.

 

[jpn]

Younger Americans are more likely to be feeling the financial pressure than older.

Average wages have surpassed inflation for 12 straight months

Average wages have surpassed inflation for 12 straight months

Average hourly wage growth has exceeded inflation for 12 straight months, according to new Bureau of Labor Statistics data released this morning. This real (or inflation-adjusted) wage growth is a key indicator of how well the average worker’s wage can improve their standard of living. As...

www.epi.org

Most Americans say they’re doing OK, but the economy is terrible.
So they’re either wrong about their own lives, or misinformed about the overall economy.
Which do you think is more likely?

 

[jpn]

Just 13% of workers in the U.S. are now earning less than $15 an hour; two years ago, that number was 31.9%, per new data from Oxfam.
From <https://www.axios.com/2024/07/11/us...ial&utm_source=twitter&utm_campaign=editorial>

 

[jpn]