Fed: American Households Increased Net Worth During Pandemic
A new report from the Federal Reserve claims that the average American household actually saw an increase in its net worth during the Chinese Coronavirus pandemic.
The plandemic is what started me working from home. It was like getting a pretty big raise. Between not driving 2 hours a day and eating out of my own kitchen I've saved thousands. I don't have to worry about maintianing a "busness casual' wardrobe either. I sleep during the time I used to spend getting ready and driving and my health has greatly improved. However, the real benefit has been that working on-line keeps all conversations to stricktly business and has cut out the verbal abuse, backstabbing and gossip.
my income went from 500.00 a week working my ass off digging ditches in one hundred degree heat to 800.00 a week sitting at home for a year and a half, fishing, hunting and drinking beer. why would I bitch. went back to work right after the free money dried up. ditch diggers are in high demand. if you don't believe it, try to hire one. AKA a plumber.
“We know they are lying, they know they are lying, they know we know they are lying, we know they know we know they are lying, but they are still lying.”
Big pharma households increased their net worth, but my IRA/401K accounts took a Brandon-sized shit and are still in the crapper. The federal reserve can lick ball sweat.
It's probably true in nominal dollars. Housing prices skyrocketed. Used cars are "worth" more than new cars were not that many years ago. Inflation ultimately makes everyone millionaires, just like it did in Weimar Germany and Zimbabwe.
When I was a kid, my folks bought a Jeep Wagoneer because it was the only thing they could afford that would hold the whole family and still make it out the driveway in the winter. Have you priced them out lately?
The plandemic is what started me working from home. It was like getting a pretty big raise. Between not driving 2 hours a day and eating out of my own kitchen I've saved thousands. I don't have to worry about maintianing a "busness casual' wardrobe either. I sleep during the time I used to spend getting ready and driving and my health has greatly improved. However, the real benefit has been that working on-line keeps all conversations to stricktly business and has cut out the verbal abuse, backstabbing and gossip.
ReplyDeletemy income went from 500.00 a week working my ass off digging ditches in one hundred degree heat to 800.00 a week sitting at home for a year and a half, fishing, hunting and drinking beer.
Deletewhy would I bitch. went back to work right after the free money dried up. ditch diggers are in high demand. if you don't believe it, try to hire one. AKA a plumber.
Why would anyone believe anything coming from the fed, they are consummate liars....
ReplyDeletei see the federal reserve is branching out into comedy.
ReplyDelete👍
DeleteBullish-t! Where do these idiots come up with such claims?
ReplyDeleteFrom the same place they come up with 81 million votes.
DeleteBTW, they're not idiots. Just completely unethical liars and cheaters, in a never-ending craven pursuit of raw political power.
Delete“We know they are lying, they know they are lying, they know we know they are lying, we know they know we know they are lying, but they are still lying.”
ReplyDeleteThat's a lie!
DeleteThat's a hell of a shit sandwich they are handing out.
ReplyDeleteOnly if you take a bite....
DeleteActually, its still a shit sandwich whether or not you take a bite.
DeleteI trust the FED as much as I trust .GOV and .MED - zip, zilch, none, nada.
ReplyDeleteBecause of climate change, obviously
ReplyDeleteJust in case you were on the fence regarding how far they had their heads up their asses.
ReplyDeleteYeah. If ya worked for one of the Pharma’s or Govt.
ReplyDeleteOther wise…That friends, is a Load….
…….a huge Steaming Coil.
Big pharma households increased their net worth, but my IRA/401K accounts took a Brandon-sized shit and are still in the crapper. The federal reserve can lick ball sweat.
ReplyDeleteAll that new wealth means only one thing; more taxes.
ReplyDeleteHave you heard, USA is gonna go kinetic in a 2 front war.
Really..........................what a load of bullshit
ReplyDeleteAs long as the HUSH money kept coming in.
ReplyDeleteYep. All those thousands of dollars 'borrowed' from our children.
ReplyDeleteStrap in. These are the “Good Old Days.” MartyB
ReplyDeleteIt's probably true in nominal dollars. Housing prices skyrocketed. Used cars are "worth" more than new cars were not that many years ago. Inflation ultimately makes everyone millionaires, just like it did in Weimar Germany and Zimbabwe.
ReplyDeleteWhen I was a kid, my folks bought a Jeep Wagoneer because it was the only thing they could afford that would hold the whole family and still make it out the driveway in the winter. Have you priced them out lately?