Thanks for the Report. Plus, sorry to hear about the family-wide illness.
I suspect qualifying the economy as “best" or "worst" depends on where you stand on the socioeconomic ladder. Those in the upper middle class or those above are doing fine and in some cases well. Those in middle class or those below are negatively impacted and, in some cases, struggling significantly. In fact, I believe the disparity between these two groups will increase over the next 1-3 years much as it did during the late 70's and early 80's.
It is quite noticeable when purchasing items sold on close margins which includes many staples such as groceries, fuel, building materials, etc. And in some cases, it also includes those where competition is less profound such car prices, airline tickets, entertainment, etc.
Thanks for the Report. Plus, sorry to hear about the family-wide illness.
I suspect qualifying the economy as “best" or "worst" depends on where you stand on the socioeconomic ladder. Those in the upper middle class or those above are doing fine and in some cases well. Those in middle class or those below are negatively impacted and, in some cases, struggling significantly. In fact, I believe the disparity between these two groups will increase over the next 1-3 years much as it did during the late 70's and early 80's.
It is quite noticeable when purchasing items sold on close margins which includes many staples such as groceries, fuel, building materials, etc. And in some cases, it also includes those where competition is less profound such car prices, airline tickets, entertainment, etc.
Shalom. -- Duane