Is this the best economy or the worst?

Is this the best economy or the worst? It depends on who you ask.

It's a question as complex as the history we're celebrating this Black History Month. Just like whether a glass is half full or half empty, the answer depends on who you're talking to.

For some folks, the US economy is a shining beacon of success. They're seeing record-breaking stock prices as the S&P 500 index closed above 5,000 for the first time as of last Friday, steady GDP growth, rock-bottom unemployment rates, and inflation taking a welcome dip. Forecasts are sunny, and people are feeling more confident about their wallets. Yep, for many, 2023 was a pretty good year.

Let's pause for a moment. While some are reaping the benefits, there's a whole other crew out there who haven't even been invited to the party. While others are counting their cash from property and stocks, these individuals are facing a different reality. To them, this economy isn't the best—it might as well be the worst.

There's a whole other crew out there who haven't even been invited to the party.

The tale of two economies comes down to who's holding the assets. If you've got a house, stocks, or other investment, you're probably feeling like you're on top of the world. After all, those who own real estate saw their home equity swell by a cool $24 trillion over the last 12 years and by as much as $12 trillion over the last 3 and 1/2 years alone, and seeing stock prices reach new highs would make anyone feel like they're sitting pretty.

But spare a thought for those on the flip side. While the headlines scream success, there's a whole bunch of people struggling to make ends meet. For them, the so-called gains of the economy are about as real as a mirage in the desert, thanks to prices that just won't quit climbing.

So, is this the best or the worst economy? It all depends on who you're talking to.

Whether we are at the best or worst of times is not just a numbers game—it's about people's real lives and the historical context that shapes them.

During Black History Month, it's important to remember that the story of the economy is intertwined with the story of Black America—a story of resilience, perseverance, and the ongoing fight for economic justice.

In the end, the question of whether this economy is a winner or a loser depends on who you ask and where they're coming from. As we celebrate the achievements and contributions of Black Americans this month, let's also recognize the work that still needs to be done. Let's strive for an economy that works for everyone, regardless of their background.