Birdwatch Note Rating
2023-10-12 21:36:48 UTC - NOT_HELPFUL
Rated by Participant: 7E47C907F1FE2F6BCA20803318AC56EFE444A6415E48F1D3A2438417523457A2
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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