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A staggering 80% of American households are financially worse off than they were before COVID-19
(finance.yahoo.com)
this post was submitted on 07 Nov 2023
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Are you calling what I commented a random claim or referring to something else?
I edited my other reply for a bit more context, in case you missed it.
That said, maybe I misunderstood your claim and with "the economy" you were referring to the prosperity of the average person.
Yes. No doubt the economy took a hit at the start/height of the pandemic, but using that as a blanket statement to explain the linked article is unsubstantiated.
Edit:
Could also read the article.
Given the American wealth distribution in 2023, just the top 10% of people hold 69% of wealth.
The article mentions the top 20% saw their savings increase.
I think it's fair to extrapolate that America "as a whole" got richer (e.g. the economy is "doing better"), at the small cost of 80-90% of its inhabitants.
The pandemic has been a disaster for the average person, yet the wealthy used it as another opportunity to exploit them.
^(sidenote, "stockpiled" is a very apt descriptor..)