Post
Topic
Board Economics
Re: US economy is booming, but people are not seeing it.
by
doomistake
on 07/05/2021, 07:09:05 UTC
US economy is booming? Think again and do your research. US has been printing excessive money to sustain its economy. The uncontrolled number of covid-19 cases each day was still reported. Let's say, the economy is really growing by now, however, because of the difficult circumstances that people are facing, they won't be able to feel the economy is spiking.

Personally, as an average citizen myself, I seldom feel the "growth" of the economy of our country. Simply because it wasn't reflected in the community, prices of goods and services, salary given, and even in healthcare services. Normally, the upper class feels most of the positive effects of economic growth. The working class can hardly tell the difference between the usual and booming of the economy. On the other hand, it's the working class that is very much affected when the economy of a country starts to decline.