It's too uneven. Personally our household is doing better because both kids are working and the company I work for ditched plans to go public, and a couple of other factors. But:

Car insurance increased sharply (probably counted as money coming into the economy)

Homeowners insurance increased

Food prices increased.

Wages don't increase as much as household costs. Until the wages of everyday people are growing faster than their expenses, they aren't doing better. Again, personally we are, but I don't think that can be extrapolated out, most households don't have an opportunity to deploy more people to work.

I have a feeling that they announced the rate cut because of early access to the data showing that everything was finally cracking under the pressure and Powell was hoping to spike up the stock market with wild abandonment partying before the jobs data and recession flags would become public knowledge.

It's definitely just a game for getting rich people to be playing with their money and it's so tiring to be ignored for only their sake.

In the past 4 years my salary grew at about 3-5% while inflation grew at a much higher rate. I don't even buy eggs anymore.

Egg prices have soared 60% in a year

As usual they measure the wrong sectors for these pronouncements

With the most recent employment numbers, things are about to get worse

oh boy, gini is up

GDP has to be the worst way to financially review a country.