Exactly. This pattern I think accurately describes the state of the US economy in general over the last few decades. Wealthy extracting wealth from what’s left of the middle class and further extracting wealth from the already poor. The decline of the US is now openly visible and attempts to hide this through economic language / indicators / propaganda etc are now openly not reflecting reality and often come off as in a dark way comical. This applies to some other western nations like France, England and perhaps Germany.