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  • 2 years ago
The U.S. economy has added more than 2.3 million jobs this year, but despite the healthy growth and availability of opportunities, many Americans still have a grim outlook on today's economic picture.
Transcript
00:00 The U.S. economy has added more than 2.3 million jobs this year.
00:04 But despite the healthy growth and availability of opportunities, many Americans still have
00:09 a grim outlook on today's economic picture.
00:12 CNBC notes that one major reason for this is because everyday expenses like rent, food
00:16 and gas are still extremely high.
00:19 Inflation is souring many Americans' relationship with finances.
00:23 CNN notes that Americans still have an inflation hangover from sharply rising prices in 2021
00:29 and 2022.
00:31 The site notes that in the U.S., inflation peaked at 9.1 percent in June 2022.
00:37 Even though it has improved since then, prices are currently overall still about 18 percent
00:42 higher today than they were in late 2019 before the pandemic, according to the Bureau of Labor
00:48 Statistics.
00:49 According to CNBC, another issue is that the median home sales price has surged 27 percent
00:55 since the end of 2019, making owning a home particularly difficult for young buyers.
01:00 (upbeat music)
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