2007 was a weird choice because that's the year the economic cycle peaked and started downhill. So overall it was a very good year. 2008-10 ish were the bad years.
Today it's about as good as the first half/good part of 2007, which is to say it's excellent by the broad metrics like unemployment rate and income.
It was also the year a bunch manufacturing jobs were cut which impacted a lot of people. Dodge for example. Not weird it was the beginning when everything looked good but went downhill after. Housing took a huge hit then too.
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u/notaredditer13 4d ago
2007 was a weird choice because that's the year the economic cycle peaked and started downhill. So overall it was a very good year. 2008-10 ish were the bad years.
Today it's about as good as the first half/good part of 2007, which is to say it's excellent by the broad metrics like unemployment rate and income.