Rattner: Trump 2.0 economy 'not off to a great start' as affordability worsens

Economic Indicators & Sentiment - Youth unemployment rate is at 92% [2] - Consumer sentiment is at its lowest recorded level [2] - Average home buyer age is 59, and first-time buyers average 40 [3] - Presidential approval ratings on the economy are worse than in Trump 10% [3] - 62% disapprove of the handling of the economy [4] Wage Trends & Job Market - During Trump 10%, people at the bottom did relatively better in percentage terms due to a hot economy and low unemployment (below 4%) [5][6] - Currently, the job market is weak with minimal job growth [6] - Wage growth for people at the bottom is slower than for those at the top [6] Affordability Crisis - Home affordability is severely declining [3] Policy Impact - The speaker disagrees with the Treasury Secretary's selective interpretation of data [2][4] - The speaker attributes the wage gains during late Trump 10 to running the economy hot, not necessarily Trump's policies [5] - The current economic situation is described as the opposite of Trump 10 [6]