I think that's a good way to put it.
We also have to remember that per capita GDP growth depends on two factors. One is the increase in productivity, which has been virtually zero over the past five years. Productivity is the amount of GDP per working hour, but it's also affected by the employment and unemployment rates.
One thing that's happened is this. Two years ago, in July 2022, we actually had the lowest unemployment rate that we've had for quite a long time, which was 4.9%. That was good news. It has now climbed up to 6.6% in August, and 6.5% in September. The number of unemployed has increased quite dramatically to almost 1.4 million people—over 400,000 people in two years. What's really concerning is that one-third of those are young people between the ages of 15 and 24. Not only are there people who can't buy a home, but there are young people who are having trouble getting jobs. I think that is a huge concern that we have to be worried about.