Birdwatch Note Rating
2023-10-12 18:15:21 UTC - HELPFUL
Rated by Participant: 38CA4A28925DBFB6D65CE37C074C604B9B192B550AB877839C771AE2C7CEBEE1
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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