Are you better off than you were four years ago?

15,299 Views | 219 Replies | Last: 1 yr ago by soggybottomboy
AJCB
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What goes into answering this question for you? Is it economic? Is it political for those that do not like Harris and/or Trump? Is it based on the current social climate in the country? What matters to you when answering this question?
rgvag11
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Housing is probably the biggest factor for most people.
PatriotAg02
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Not at all. Everything costs too damn much compared to income. Well on our way to economic collapse.
gambochaman
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Nope
PanzerAggie06
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Yes, very much so. Has nothing to do with Biden or Trump its just circumstances but I'm most definitely better off.
Rocag
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Yes. Though most of the reasons for that have very little to do with national level politics.
OklahomaSooner Ag
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yes
Class of 2018 | Boomer Sooner Class of 2022
P.U.T.U
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I have to feed a family and I can tell you groceries are way up just like they are for everyone else and my salary did not increase at a percentage even close
TA-OP
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Much better off in almost every way. The only negative would be that I've aged 5 years and my body feels it.
Slicer97
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Nope.

I was better off when Trump was President.
Muy
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Is this guy better off? If the answer is "no" vote Trump!
HowdyTexasAggies
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Unless you have been receiving massive raises, there is no way for someone to better off financially. No raises for the last 2 years and 30-40% inflation. The majority of people are poorer. Anyone suggesting otherwise is 100% FOS.
Old McDonald
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financially? definitely. compared to 2020:

annual spending up ~30%
income up ~60%
net worth up ~100%

personally? also definitely yes. for what it's worth, the trump years were also great for me.
AggieOE12
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Better, much better. This administration helped.
El Gallo Blanco
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Slicer97 said:

Nope.

I was better off when Trump was President.
Same, aside from having my first born in 2021...everything has been much worse. I naively thought we were in a spot where we would be immune to really "feeling" the insane increases in the prices of pretty much everything...I was wrong. It has really cut into our savings. I feel like we are paying a car note on an Escalade each month, only without the fancy SUV.

Also, our country just feels "broken". The two sides have ZERO shared visions or goals for the country. We do not even acknowledge the same basic realities. I feel like our differences are irreconcilable. Another 9/11 wouldn't unite us for even a minute. Not even an alien invasion could unite us. The left has lost it's f***ing mind.
MAROON
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Yes - but its due to my station in life. Both kids off the payroll and just paid for my one and only wedding.

I could retire today and be very comfortable but will stick it out for a few more years now that we only work in the office two days a week.

The only real way the President could mess me up is if they enact some insane tax laws related to 401-k or IRA withdrawals. Or somehow pass the insane notion to tax unrealized gains - mainly because it would destroy the stock market and the real estate market in short order.
HowdyTexasAggies
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AggieOE12 said:

Better, much better. This administration helped.

What free money did you get. You are FOS or a troll. There is nothing this administration did to help other than give out free money, and raise the price of oil.
themissinglink
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Yes, my biggest expense is fixed rate debt (housing) that I was able to refinance at an even lower rate (thanks to the incompetence of Powell) in 2021. Other monthly spending has gotten out of control with inflation, but total comp is up more than 50% or so (thanks to both me and inflation). If I had to rebuy my house at current FMV and rates, I could probably do it, but it would be tight, and I would have to cut my 401k/HSA contributions.
zooguy96
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Worse. Income hasn't gone up fast enough to mitigate other increases. Thankfully, 3% rate on house helps and ok otherwise. Just not as much extra $$.
I know a lot about a little, and a little about a lot.
TxAgLaw03RW
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This guy is obviously in the grocery business.
No Spin Ag
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Rocag said:

Yes. Though most of the reasons for that have very little to do with national level politics.
Same.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
FrioAg 00
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The odds I'm murdered by an illegal alien, or a no-bailed repeat criminal are at least 5X higher

And the tax liability my kids will inherit to pay for all these low lives is certainly higher



Also, the probability of WW3 /nuclear conflict is definitely higher
El Gallo Blanco
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AggieOE12 said:

Better, much better. This administration helped.
How did they help? Be specific.
AggieOE12
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If inflation is up 30-40%, that means the cost of goods has gone up right? Where did the inflation originate? Labor? Procurement? Logistics? Materials?

If you aren't seeing higher wages of your labor.... then who is getting that extra money? You can't say it all of the sudden went to the government.
hedge
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My investments are, everything else. Not so much
AggieOE12
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El Gallo Blanco said:

AggieOE12 said:

Better, much better. This administration helped.
How did they help? Be specific.
IRA, small business investment, grants, and kid you not, other nations ACTUALLY wanting to do business with us because they don't think we're going to pull out of any deals and nation collaborations since, ahem, a certain person isn't at the helm.
halfastros81
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Probably neutral wrt to me and my family and it has next to nothing to do with who was in control but I'm old and the mold is pretty much cast. For my kids there is no doubt in my mind their trajectory is better with Trump vs generic puppet Dem POTUS. One of them knows it, the other doesn't . She'll come around eventually. I had the pleasure of spending most of a week with her recently and I told her that all I wanted from her was to point to the sky and say "you were right Dad" once she realizes it.
JWinTX
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Investment wise? Yes
Income Wise? Probably
Tax wise? No
Cost of Living? Not even close
Crime? Not even close
Education System? Worse by a lot
Morality? Off the charts worse
Patriotism? Much less (Afghanistan, Iran, and Palestine debacles)
HowdyTexasAggies
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AggieOE12 said:

If inflation is up 30-40%, that means the cost of goods has gone up right? Where did the inflation originate? Labor? Procurement? Logistics? Materials?

If you aren't seeing higher wages of your labor.... then who is getting that extra money? You can't say it all of the sudden went to the government.

So you don't understand what caused the inflation?
Owlagdad
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It's getting tighter every month, and our damned peas and squash didnt make.
samurai_science
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gambochaman said:

Nope
samurai_science
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150k Layoffs in the tech sector the last 45 days.....
richardag
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Slicer97 said:

Nope.

I was better off when Trump was President.
As is the vast majority of people, especially the middle class and upper middle class.
Among the latter, under pretence of governing they have divided their nations into two classes, wolves and sheep.”
Thomas Jefferson, Letter to Edward Carrington, January 16, 1787
AggieOE12
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HowdyTexasAggies said:

AggieOE12 said:

If inflation is up 30-40%, that means the cost of goods has gone up right? Where did the inflation originate? Labor? Procurement? Logistics? Materials?

If you aren't seeing higher wages of your labor.... then who is getting that extra money? You can't say it all of the sudden went to the government.

So you don't understand what caused the inflation?
Honestly, I have not dug into anything of substance but from what I've seen, a constrained supply chain during the pandemic surged prices. Then they just never came back down.
samurai_science
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AggieOE12 said:

If inflation is up 30-40%, that means the cost of goods has gone up right? Where did the inflation originate? Labor? Procurement? Logistics? Materials?

If you aren't seeing higher wages of your labor.... then who is getting that extra money? You can't say it all of the sudden went to the government.
Its from spending, economics and history has not changed. Also, the companies are paying higher costs for services and goods as well. Thats the reason for the 150k tech sector layoffs in the last 45 days.

The bolded part is funny. Take the L
 
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