Joe Biden and his surrogates keep trying to convince and shame the American people into believing that the economy is doing great and that "Bidenomics" is the reason.
In the more extreme cases, people become homeless late in life, having lost all their resources to deal with job loss or other emergencies.
Lots of hard-working and productive people found themselves out of work because of massive disruptions to capital markets and the banking sector.
During the Great Recession large numbers of people never experienced significant pain, as unemployment only affected a minority of workers.
While 10% unemployment is a huge number of people looking for work, it also means 90% of the other people who wanted jobs were finding and keeping them.
People who had steady jobs, government jobs, worked in non-volatile sectors like healthcare, as well as retirees with pensions and students, in many cases barely noticed.
Ordinary people are not economists, but you don't need to be an economist if you can buy more and save more and generally are in a better position than you were before.
https://amgreatness.com/2023/11/27/who-you-gonna-believe-your-wallet-or-your-lying-eyes/
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