Oil independence is a great achievement. We will see if Biden manages to tank the gains made. Gasoline prices are good, but they have been pretty good since 2016 (lowest annual average gasoline price in the past 15 years; $2.14.) 2020 was a good year for gasoline prices too.
The USA stock market has done exceptionally well. The DJIA was at 19,873 on January 3, 2017. It opened at 30,627 on January 4, 2021. That is a gain of 10,754 points. I can’t speak for everyone, but my personal 401K gained 47% in that same period. I am invested in both stock and bond funds.
Unemployment. The draconian government-imposed Covid restrictions have had a disastrous influence on employment since early 2020. Historically, the U.S. unemployment rate was 4.7% at the end of 2016. By the end of 2019, it was 3.5%. The last time it was that low was 1969. In April of 2020, it had soared to 14.8%. At the end of 2020, it stood at 6.7%.
GDP did not make spectacular gains in the past four years, although we hoped that it would. The inflation rate remains about the same as it was in 2016.
From the perspective of the average U.S. citizen, energy costs are a huge part of the monthly budget. When gasoline prices increase, we feel it acutely in our wallets.
Obviously, a low unemployment rate means that more people are working and better able to support their families.
Stock market health is especially important to someone like me who is retired and has a portion of their retirement funds invested in the stock market. It is probably less important to many younger people who are still working.