Birdwatch Archive

Birdwatch Note Rating

2023-07-08 03:49:10 UTC - NOT_HELPFUL

Rated by Participant: 47427FB50480500610E5402A72AEFB4CF1D64E0080688579BE983D05D869EFEF
Participant Details

Original Note:

$2T "in real wealth" is referring to wealth after inflation. Berkeley economists estimate that the average middle class individual lost $34k since March 22', the start of interest rate hikes. Most of this loss is "paper wealth" that is not felt on a day-to-day basis. https://www.bloomberg.com/graphics/2023-bidenomics-middle-class-economic-anxiety-2024-election/

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All Information

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