Under President Biden, the average net worth for all families increased by 23%

[TOP]

Top economists think you're full of shit, sister.

A new outlook from the National Association of Business Economists predicts stronger economic growth, lower inflation, and rate cuts in time for summer.

https://apple.news/AR8iLKQboTt6PaE0KkALlqw

Consumers aren't the only ones feeling more upbeat lately. Economists are also getting a lot more optimistic.*

More than three-quarters of economists now expect the U.S. economy is heading for a soft landing this year, according to a new survey from the National Association of Business Economists that was released on Monday. The February outlook, which compiled the macroeconomic forecasts of 41 economists between February 5 and 13 also found a positive consensus around growth and inflation. The economists surveyed increased their forecasts for GDP in 2024 and predicted that inflation would continue to decelerate, hitting the Federal Reserve's two percent target next year.

"Panelists sharply revised upwards their projections for U.S. economic growth in 2024," said NABE President Ellen Zentner, who also serves as the chief U.S. economist at Morgan Stanley, in a statement with the release. "The stronger February growth forecasts for 2024 result from upward revisions to key sectors of the economy, including personal consumption expenditures, nonresidential fixed investment, residential investment, and government consumption expenditures and gross investment."

The median forecast for real GDP, which is adjusted for inflation, called for an annual average of 2.2 percent growth this year, up from the median forecast of 1.3 percent measured in the December survey. The economists also upwardly revised their predictions for job growth over the course of the year, and said they expect wages will rise at a faster pace than previously anticipated. Respondents predict the job market will remain tight with the median forecast calling for an average annual unemployment rate of 3.9 percent in 2024, down from the 4.2 percent projected in the December survey.**

Why can't you be happy and celebrate the positive economic news like normal Americans? Your chronic pessimism is alarming.

Summer's not far away... we shall see...

 

[Joe Capitalist]

Summer's not far away... we shall see...

What are you hoping will happen this summer, sister?


You May Be a 401(k) Millionaire Thanks to the Surging Stock Market

Recent stock market gains propelled a significant rise in the number of retirement savers who’ve reached the milestone of a $1 million 401(k) balance.

In the fourth quarter, Fidelity Investments reports seeing a 20% jump in the number of 401(k) millionaires. Compared to the fourth quarter of 2022, the number was up 11.5%.
“Retirement savers ended the year on a positive note with improved market conditions and consistent contributions helping boost average account balances to their highest level in nearly two years,” Fidelity said in a report.
The S&P 500 has been on a strong run since November and reached new record highs in February. The large cap stock index is up about 27.5% in the past year as inflation has eased and other economic conditions have improved. The Nasdaq and Dow Jones indexes are up 39.7% and 19.2%, respectively.

 

[TOP]

What are you hoping will happen this summer, sister?


You May Be a 401(k) Millionaire Thanks to the Surging Stock Market

Recent stock market gains propelled a significant rise in the number of retirement savers who’ve reached the milestone of a $1 million 401(k) balance.

In the fourth quarter, Fidelity Investments reports seeing a 20% jump in the number of 401(k) millionaires. Compared to the fourth quarter of 2022, the number was up 11.5%.
“Retirement savers ended the year on a positive note with improved market conditions and consistent contributions helping boost average account balances to their highest level in nearly two years,” Fidelity said in a report.
The S&P 500 has been on a strong run since November and reached new record highs in February. The large cap stock index is up about 27.5% in the past year as inflation has eased and other economic conditions have improved. The Nasdaq and Dow Jones indexes are up 39.7% and 19.2%, respectively.

Did you already forget what you posted?

 

[Joe Capitalist]

Did you already forget what you posted?

Did you conveniently forget to answer my question?

What are you hoping will happen this summer, sister?

 

[TOP]

Did you conveniently forget to answer my question?

What are you hoping will happen this summer, sister?

So you did forget the prediction that was posted... and it was even highlighted in red... I'm hoping for a wonderful summer as I always do we'll see if it's better economically... your post claims that it will be...

 

[Joe Capitalist]

So you did forget the prediction that was posted... and it was even highlighted in red... I'm hoping for a wonderful summer as I always do we'll see if it's better economically... your post claims that it will be...

So, you're hoping the economy continues to do well for the rest of the year, like the economists say?

Is that what you're saying, sister?

Please clarify.

 

[T. A. Gardner]

What the hell are you talking about? You don't have to be wealthy and rich to invest in the stock market. More than half of Americans are invested in the market. The S&P gained 25% last year. That means more than half of Americans increased their net worth.
You really are a moron...

You don't have to be, but you have to have money to invest. When 78% of Americans are currently living paycheck to paycheck

A 2023 survey conducted by Payroll.org highlighted that 78% of Americans live paycheck to paycheck, a 6% increase from the previous year. In other words, more than three-quarters of Americans struggle to save or invest after paying for their monthly expenses.
https://www.forbes.com/advisor/bank...nvest after paying for their monthly expenses.

https://www.investopedia.com/most-a...paycheck-to-paycheck-new-survey-finds-7970611

And, that percentage is rising rapidly from when Joke Bribem took office:

60% of Americans are still living paycheck to paycheck as inflation hits workers’ wages
https://www.cnbc.com/2023/09/27/60percent-of-americans-are-still-living-paycheck-to-paycheck.html

With inflation stubbornly high, 58% of Americans are living paycheck to paycheck: CNBC survey
https://www.cnbc.com/2023/04/11/58p...paycheck-to-paycheck-cnbc-survey-reveals.html

They have no money to invest in anything. They're spending all their cash trying to pay for necessities like food, utilities, and rent. It is YOU that is a moron. You single source your stupidity to some site that is Leftist, Democrat friendly and trying to prop up the worst president in modern history, Joe Biden instead of actually trying to understand the issue accurately.

If you aren't wealthy or rich, Bidenomics absolutely fucks you over, and the proof is there to see. Not just that, but virtually every American now knows it from what their are personally experiencing.

76 percent rated economic conditions in the U.S. negatively, while 74 percent said rising food prices were having the greatest impact on their finances, according to a new poll from the Financial Times and the University of Michigan’s Ross School of Business.
https://news.harvard.edu/gazette/st...flation-economy-are-much-worse-than-they-are/

The MSM Biden / Democrat cheerleaders, like MSNBC or CNN--or for that matter the NYT--try and put lipstick on a pig but even they are having increasing difficulty putting a positive spin on the economic disaster that's Joke Bribem. He has proven once more in a nearly unbroken string of wrong decisions and failures over a nearly 50 year career in politics where he never held a 'real' job in his life that in his old age and senility he's still picking failure over success.

 

[Joe Capitalist]

You don't have to be, but you have to have money to invest. When 78% of Americans are currently living paycheck to paycheck

A 2023 survey conducted by Payroll.org highlighted that 78% of Americans live paycheck to paycheck, a 6% increase from the previous year. In other words, more than three-quarters of Americans struggle to save or invest after paying for their monthly expenses.
https://www.forbes.com/advisor/bank...nvest after paying for their monthly expenses.

https://www.investopedia.com/most-a...paycheck-to-paycheck-new-survey-finds-7970611

And, that percentage is rising rapidly from when Joke Bribem took office:

60% of Americans are still living paycheck to paycheck as inflation hits workers’ wages
https://www.cnbc.com/2023/09/27/60percent-of-americans-are-still-living-paycheck-to-paycheck.html

With inflation stubbornly high, 58% of Americans are living paycheck to paycheck: CNBC survey
https://www.cnbc.com/2023/04/11/58p...paycheck-to-paycheck-cnbc-survey-reveals.html

They have no money to invest in anything. They're spending all their cash trying to pay for necessities like food, utilities, and rent. It is YOU that is a moron. You single source your stupidity to some site that is Leftist, Democrat friendly and trying to prop up the worst president in modern history, Joe Biden instead of actually trying to understand the issue accurately.

If you aren't wealthy or rich, Bidenomics absolutely fucks you over, and the proof is there to see. Not just that, but virtually every American now knows it from what their are personally experiencing.

76 percent rated economic conditions in the U.S. negatively, while 74 percent said rising food prices were having the greatest impact on their finances, according to a new poll from the Financial Times and the University of Michigan’s Ross School of Business.
https://news.harvard.edu/gazette/st...flation-economy-are-much-worse-than-they-are/

The MSM Biden / Democrat cheerleaders, like MSNBC or CNN--or for that matter the NYT--try and put lipstick on a pig but even they are having increasing difficulty putting a positive spin on the economic disaster that's Joke Bribem. He has proven once more in a nearly unbroken string of wrong decisions and failures over a nearly 50 year career in politics where he never held a 'real' job in his life that in his old age and senility he's still picking failure over success.

Those articles are from 2023. This is 2024 and the market is booming. You don't see it because you're a far right MAGA extremist and you're programmed by the right to be pessimistic about the economy whenever there's a dem in the White House.
Your credibility is in the toilet.

 

[T. A. Gardner]

Those articles are from 2023. This is 2024 and the market is booming. You don't see it because you're a far right MAGA extremist and you're programmed by the right to be pessimistic about the economy whenever there's a dem in the White House.
Your credibility is in the toilet.

You obviously didn't look at any of them. The Forbes article I lead off with was dated 14 February 2024 (that's two weeks ago). The ones that follow were from late 2023 and early 2023 and intended to show the trend in people living paycheck to paycheck is upward and increasing in rapidity. The ad hominem that follows your first sentence is irrelevant.

The stock market may be booming, but if you have no money to invest because like 78% of Americans today you are living paycheck to paycheck and probably have a mountain of credit card debt on top of that, the economy for you sucks harder than a $2000 whore lip locked on Bagman Biden.

 

[Into the Night]

Every three years the Federal Reserve outlines family net worth average and medians by age group.

https://apple.news/A2nXNQrL8T9OX-pqAzp1_FQ

Here’s the latest data, released in October 2023.
35 and under: average of $183,500 and median of $39,000
35 to 44: average of $549,600 and median of $135,600
45 to 54: average of $975,800 and median of $247,200
55 to 64: average of $1,566,900 and median of $364,500
65 to 74: average of $1,794,600 and median of $409,900
75 and older: average of $1,624,100 and median of $355,600
Overall, the average net worth for all families increased by 23%; meanwhile, the median net worth for all families increased by 37 over the same period.

MAGA soils diapers

Inflation isn't wealth, Sock.

 

[Into the Night]

Being a radical far right MAGA extremist, I know it pains you dearly to read this but denying it doesn't make it untrue.

Overall, the average net worth for all families increased by 23%;

meanwhile, the median net worth for all families increased by 37% over the same period.

Inflation isn't wealth, Sock.

 

[Into the Night]

Yes you are radical far right MAGA extremist

And tell us why it's misleading.
Just saying it doesn't make it so. You've made so many false and misleading statements on this forum in the past, it's difficult to believe anything you say without facts to back them up.
Once again, you have none.

RQAA. Inflation isn't wealth, Sock.

 

[Into the Night]

Those articles are from 2023. This is 2024 and the market is booming. You don't see it because you're a far right MAGA extremist and you're programmed by the right to be pessimistic about the economy whenever there's a dem in the White House.
Your credibility is in the toilet.

Economic depression is not a 'booming market', Sock.

 

[Jarod]

Not representative of the typical American family... and very misrepresentative when it comes to daily living...

How so?

 

[Joe Capitalist]

How so?

Don't expect an answer. She's a right wing troll.

 

[Flash]

The OP provided statistics...not real people... do you believe that I'm incorrect?

It uses the average and median income of all American families. That is real people and includes everybody. It does include the typical family because they are all included in the statistics.

 

[Joe Capitalist]

It uses the average and median income of all American families. That is real people and includes everybody. It does include the typical family because they are all included in the statistics.

She's a far right wing troll.
The glass is always 97.4% empty.

 

[TOP]

It uses the average and median income of all American families. That is real people and includes everybody. It does include the typical family because they are all included in the statistics.

If that's the case, you wouldn't think there would be a real, typical family struggling in America then...would that be correct? I guess I should run off some copies of the report, and hand them out so that these families can see that they're just imagining their financial woes...

 

[ThatOwlWoman]

so all the typical average families in America are just imagining their financial woes... I guess I should print out copies of this report and hand them out so that they'll stop worrying...

You're really triggered this morning, aren't you? Three replies to the same post -- a new record. lol

Why do you want the economy to be seen as terrible, Toxic? Why do you want people to suffer? Or is it that you want merely to be seen as virtue-signaling your non-existent "conservative compassion"? Do you understand what "median" and "average" mean? One would think that someone who claims to have a "bachelors plus" degree would be acquainted with that concept.

 

[ThatOwlWoman]

She's a far right wing troll.
The glass is always 97.4% empty.

Exactly. Except, of course, when there's an (R) in the White House. The exact same statistics would then become gloriously accurate. Anyone "suffering" would be either lying about it, or it would be their own fault for being lazy slacker welfare thugs.