Birdwatch Note Rating
2023-10-12 20:29:34 UTC - HELPFUL
Rated by Participant: 09BB30F92B2E101145BF28F3D6E104E56D5F0B2117D5AFA63EB12C69DA64E5EA
Participant Details
Original Note:
According to Moody's Analytics, the typical American household is now spending upward of $700 more each month than it did two years ago, and real earnings remain at 2019 levels, contradicting the assertion there is "very little cost" to inflation. https://www.cnn.com/2023/08/11/economy/inflation-rate-spending/index.html#:~:text=US%20inflation%20has%20had%20a,services%2C%20according%20to%20Moody's%20Analytics.
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