Seeing a Paywall. But that being said, does the article quantify how they are doing financially, or is it a self report on whether they think they are “OK” or not? If so, then are they actually financially OK, or is this a case of “I could be homeless, but I’m currently not, so I’m ok”? If so, there is definitely room for bias in that number. I live in a relatively low col area and cost for everything are up to levels that would definitely mess with those making under 45-50k a year.
If recommend looking at the article since it looks to the survey details. The survey I mentioned was specifically polling household’s and 73% said that their household was doing at least ok. This is a long running study done regularly by the fed, and the proportion of responses doesn’t fit with historical trends. So either something is missing on how we measure perceptions or how we measure the economy. Both lead to interesting questions.
Seeing a Paywall. But that being said, does the article quantify how they are doing financially, or is it a self report on whether they think they are “OK” or not? If so, then are they actually financially OK, or is this a case of “I could be homeless, but I’m currently not, so I’m ok”? If so, there is definitely room for bias in that number. I live in a relatively low col area and cost for everything are up to levels that would definitely mess with those making under 45-50k a year.
Gift article: I’m OK, but Things Are Terrible
If recommend looking at the article since it looks to the survey details. The survey I mentioned was specifically polling household’s and 73% said that their household was doing at least ok. This is a long running study done regularly by the fed, and the proportion of responses doesn’t fit with historical trends. So either something is missing on how we measure perceptions or how we measure the economy. Both lead to interesting questions.