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The Supreme Court rejects Biden's plan to wipe away $400 billion in student loan debt (apnews.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 10 points 2 years ago (1 children)

The US has historically low unemployment, but real wages have stagnated for more than 50 years.

The economy is actually pretty great -- for those at the top. Not so much for those doing the real work:

unemployment chart

real wages chart

[–] [email protected] 4 points 2 years ago

I assume the second graph is basing inflation on CPI as well and if I'm not mistaken that would mean dollars spent on mortgages are equivalent to dollars spent on rent.

I would argue that as home ownership goes down inflation would become more impactful as you do not build wealth with rent but can with a mortgage.