Post #1801 by tjscott0 on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks ❤

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I came across this article.
https://www.oftwominds.com/blogsept25/precarity9-2...
I often wonder if others feel the precarity of this era, or is it just me? It's hard to tell, as economic statistics don't measure precarity, they mostly measure averages and aggregates, all of which are glowing: GDP and profits up, unemployment low, and so on.

If precarity makes the news, it's the financial precarity experienced by many American households as costs rise and wages don't keep up, regardless of what the aggregate statistics are indicating.

This precarity is real, but it's not what's being featured. It's reflected in mirrors, not in headlines. In this mirror, we see millions of people pursuing side hustles and crowding into speculative casinos. If this isn't a reflection of desperation, it's something close to it. But this isn't news.

I dunno what the denizens of this board are feeling but I & friends & acquaintances of mine are feeling the precarity. But perhaps that is the nature of human beings?

And I wonder about the accuracy of the government measures. Or if they are measuring the correct items. But perhaps that does not matter as long as the measured items remain consistent. For example a scale that is constantly 5 lbs off. The weight is inaccurate but the scale does measure whether your weight is increasing or decreasing.

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