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Ask HN: Is America in Recession?

Official numbers say the U.S. isn’t in recession—does real life feel different?

America is in a 4 income economy - the number of typical incomes needed to reliably meet basic bills (rent,transpo,food,utils) in most markets.

I've lived thru 8 recessions, none had achieved this level of difficulty. None had so completely barred new entrants to society.

6 hours agoWarOnPrivacy

You mean the average number of full time jobs a single person needs to do to survive? or a couple? or a couple with kids?

4 hours agonrhrjrjrjtntbt

If you are talking about as defined by NBER there is no “official numbers”. Recession by that definition is a) not a fixed set of numbers, the board determines it each time based on lots of different things and they aren’t necessarily the same metrics every time and b) explicitly a backwards looking descriptive designation. Most of the time you will be _through_ a recession before it’s declared.

4 hours agokasey_junk

They’re running out of cards to stack up in the form of a house

2 hours agoJojoFatsani