Well, yes and no. The wealthy have not experienced a hard landing, and at the same time, the wealth inequality has never been greater. An entire generation now has no prospects of buying a house, even renting is hard, etc.
I agree strongly with Biden when he characterized the recovered American economy as "the greatest story never told".<p>The reality is that the US economy is very strong, and has been for quite some time now. We all just don't like to admit it.
> Forecast for US Recession Within Year Hits 100% in Blow to Biden<p>* Bloomberg Economics sees near certainty downturn will start Tightening conditions, inflation, hawkish Fed weigh on outlook<p>Oct 2022<p><a href="https://www.bloomberg.com/news/articles/2022-10-17/forecast-for-us-recession-within-year-hits-100-in-blow-to-biden" rel="nofollow">https://www.bloomberg.com/news/articles/2022-10-17/forecast-...</a><p>I wish that the American media had a bit of accountability for their reporting.