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Economy
See other Economy Articles

Title: We Just Witnessed an Economic Sign That Hasnít Happened Since the Peak of the Great Depression in 1932
Source: LRC
URL Source: https://www.lewrockwell.com/2023/02 ... -the-great-depression-in-1932/
Published: Feb 3, 2023
Author: Michael Snyder
Post Date: 2023-02-03 00:02:49 by Charles_Byrd
Keywords: None
Views: 57

Economic conditions are much worse than you are being told. Throughout the past year, prices have been rising much faster than most of our incomes have. As a result, our standard of living has been rapidly declining. It has become increasingly difficult for U.S. households to make it from month to month, and as you will see below, more than a third of all U.S. adults are actually relying on their parents to pay at least some of their bills at this point. But even more alarming is what has been happening to real disposable income. According to Fox Business, the most recent GDP report revealed that the decline in real disposable income that we witnessed in 2022 was the largest that has been measured since 1932…

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