top of page

B&G REPORT.

Why a Thriving Economy Can’t Pay the Bills

It’s been quite a puzzler to us. Unemployment rates have been dipping for about a decade, and the economy is expanding, while wages have gone up. Even revenues in almost all the states have been rising. How then is it that so many Americans are feeling under fiscal pressure? Don’t rising tides lift all boats? No, not if the boats are leaking. A fascinating article in The Atlantic describes the issue as “The Great Affordability Crisis.”

Here’s the crux of the piece, by Annie Lowrey, which we recommend highly: “This crisis involved not just what families earned but the other half of the ledger, too—how they spent their earnings. In one of the best decades the American economy has ever recorded, families were bled dry by landlords, hospital administrators, university bursars, and child-care centers. For millions, a roaring economy felt precarious or downright terrible. “Viewing the economy through a cost-of-living paradigm it helps explain why one in five adults is unable to pay the current month’s bills in full.” We’re sure that some economists will disagree with this piece. In our experience, it’s rare to find any thesis that is proclaimed without some economists finding flaw. Sometimes, they’re right. But we’re not economists and found the piece persuasive. Take a read and decide for yourself. If you agree or disagree, please write us care of this website.


 
 
 

Bình luận


Barrett and Greene, Dedicated to State and Local Government, State and Local Government Management, State and Local Management, State and Local Performance Audit, State and Local Government Human Resources, State and Local Government Performance Measurement, State and Local Performance Management, State and Local Government Performance, State and Local Government Budgeting, State and Local Government Data, Governor Executive Orders, State Medicaid Management, State Local Policy Implementation, City Government Management, County Government Management, State Equity and DEI Policy and Management, City Equity and DEI Policy and Management, City Government Performance, State and Local Data Governance, and State Local Government Generative AI Policy and Management, inspirational women, sponsors, Privacy

 

Barrett and Greene, Dedicated to State and Local Government, State and Local Government Management, State and Local Managemen

SIGN UP FOR SPECIAL NEWS JUST FOR YOU.

Get exclusive subscriber-only links to news and articles and the latest information on this website sent directly in your inbox.

Thanks for Subscribing. You'll now recieve updates directly to your inbox.

Copyright @ Barrett and Greene, Inc.  |  All rights reserved  |  Privacy 212-684-5687  |  greenebarrett@gmail.com

bottom of page