Some have defended Joe Biden's economic record by noting that median household wealth has increased on his watch. But that uptick is mostly due to home and car value inflation — meaning it's of limited use to regular people who need their home and cars to live.
Those “Wealth Increases” are only meaningful for people who are already extremely wealthy.
For the rest of us, people touting “the economy” are just background noise; the reality is, housing costs are out of control; people with professional jobs can’t even afford a one bedroom apartment. Food prices have skyrocketed; the other day, I noticed a gallon of milk cost me $7. A sandwich or a burrito costs $15. That’s nearly a half hour wage for me, which is about the same buying power I had when I was making $7.25 in the late nineties.
We need a sea change, and it needs to start with a wholesale replacement of our congressional body.