The economic report is full of gloom, injustice and disaster. Gas prices have skyrocketed. Inflation is back after a 40-year nap. Becoming a homeowner is impossible for many tenants. Service workers faced perils during Covid for which they were not adequately compensated, while the top 1 percent were lavishly rewarded.
All true. But for many middle-class Americans, the past 10 years have also been unusually good times.
We’re not talking about people who have invested in Bitcoin, worked for a very successful start-up, or bet the farm on Tesla or Apple stock. This is a more modest but wider success: Homeowners are seeing the value of their homes rise. Workers get better-paid jobs in a tight labor market. Retirement accounts are rising in value thanks to rising stock market.
The New York Times reports a story about those who think they are doing well financially, even though they may also have concerns about what could happen tomorrow. If you belong to this group – however you define ‘doing good’ in your personal situation – we would like to hear how it has affected your life.
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