this post was submitted on 17 Jun 2024
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[–] Drusas@kbin.run 16 points 4 months ago* (last edited 4 months ago) (1 children)

The US economy and one's personal financial situation are separate situations.

I think the point no one is outright saying is that yes, you're correct. However, that shouldn't be the case.

Many Americans find it appalling that we measure the economy by stock prices which don't reflect the economic situation that is experienced by the vast majority of Americans. They believe that we should measure the economy based on things like housing and food affordability, with less emphasis on the economic situation of the wealthy few who don't need to worry about those day to day concerns.

[–] Varyk@sh.itjust.works -4 points 4 months ago

I wouldn't change the definition of economy simply because the term is misunderstood or pigeonholed.

With "the economy" being an accurate term for a complete financial system, we should use accurate terms like affordability or livability to describe livability and affordability problems rather than a vague, tangential unrelated term.

The economy is very strong, affordability is at a low.

National forests are very healthy, my house has termites.

The abstract number of trees is irrelevant to the termites in a house.

It is nice that the US economy is strong, it is not nice that US affordability is so weak.

It is nice that this restaurant has so many windows, it is not nice that my chicken was overcooked.