The Pandemic Is Going to Make Income Worse

The bottom 50 %, generally, households with a networth of a hundred and 66 thousand or less, now hold a bigger share of the nation's wealt n they've had in 20 years. The mortgage rate going from three % in january to six % to day, boxes out 18 million households from qualifying for a 400000 dollar mortgage. That's a 36 % reduction in potential demand. So this is another reason why people are pest because inflation adjustments, or basically wage bumps. They're slowing down because employers can't just be like rays.