I think a lot of it is living costs. If you were able to lock in a mortgage with low interest rates, and don’t have to rent or look for a place to live right now, then you’re probably doing a lot better than others and then the President’s analysis may make actual sense.
On the other hand, I’ve gotten a couple raises but it hasn’t felt like it. They’ve basically equaled out to inflation.
I think a lot of it is living costs. If you were able to lock in a mortgage with low interest rates, and don’t have to rent or look for a place to live right now, then you’re probably doing a lot better than others and then the President’s analysis may make actual sense.
On the other hand, I’ve gotten a couple raises but it hasn’t felt like it. They’ve basically equaled out to inflation.