US economy is finally booming and it is a big relief for all of us, but in a worrying sign people are yet not seeing that boom, and this makes me wonder what happens if the general masses can’t feel the boom, will the US economy once again slip downwards?.
Furthermore what do you’ll feel is the key reason why people are missing seeing this boom in the economy, and I have read several reasons in the media but if someone has some personal perspective then please do share it.
In order for people to realize this, first we have to look at the sentence "US economy is booming", I mean is it really? If people are not seeing it, who does? There are few elites that make a ton of money and the stock prices increase because of that and you think that constitutes as US economy booming? Just because stock prices are higher doesn't mean that economy is booming, it just means that some companies are making profit that’s it.
Yeah, this is why people think the most wrong ways possible and that is the problem here. They see that stocks in general are up 10% and they think economy is doing great because of that but the reality is that people around the corner to them are failing to pay their rent, how can that be alright? I mean if it was one or two or three or thousands I would still understand, but we are talking about tens of millions of people in poverty, nearly 41 million people are in poverty, and that is just USA.