Birdwatch Note Rating
2023-07-07 22:09:15 UTC - NOT_HELPFUL
Rated by Participant: 9DF9354D66965D20061A8E5F4286DE3BE1D223EE0E4D39653C038A7C83AF5B03
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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