5. Unemployment is still relatively low. People with jobs and money to spare can spend on luxuries such as a vacation.
Despite higher prices and rising interest rates, millions of Americans have been taking leisure trips.
More than half of Americans plan to travel for one or both of the holidays this year, even though airfares will be 43 percent higher than last year, according to Hopper, a travel booking app.
However, the unemployment rate did rise to 3.7 percent, according to the Bureau of Labor Statistics. So, if you’re worried about your job security or a recession, just cancel your vacation plans for 2023.*
6. Your used car is worth more. If you’re looking to upgrade to a newer car, and your car is in fairly good condition, you’ll get more for your trade-in.
Used car and truck prices jumped 7.8 percent, according to the latest data from the U.S. Bureau of Labor Statistics. Unfortunately, new car prices were up 10 percent from a year ago.
This was the stuff of Saturday Night Live routines in the late ‘70s:
* And since there’s an Obama administration retread in the White House, enjoy the funemployment! “For the ‘funemployed,’ unemployment is welcome.”
UPDATE: Not the Bee asks us to “Look at this actual WaPo headline from today:”
Notice how she keeps comparing Biden to FDR?
That’s because the Party and Biden himself want the president to be compared to FDR.
But he’s not. The inflationary cycle we are in makes him Jimmy Carter 2.0, except that’s an insult to Carter.
Oh, I don’t know; I can see an FDR comparison here: FDR’s policies prolonged Depression by 7 years, UCLA economists calculate.
And a Woodrow Wilson comparison as well: Biden’s age, re-election plan recall Woodrow Wilson.
(Updated and bumped.)