WASHINGTON—As inflation continues to squeeze wallets and job cuts spread across industries, citizens across the country are reportedly celebrating the economic downturn as undeniable proof that “the medicine is finally working.”

“This is exactly what we needed to see,” said economist Daniel Grayson, nodding approvingly at a graph showing skyrocketing unemployment and a dramatic drop in consumer spending. “When people lose their jobs and can’t afford rent, that means the economy is healing. It’s simple economics.”

Americans nationwide have embraced the struggle with open arms, thrilled to be part of what experts call a “necessary correction.” Citizens who have been forced to cut back on groceries and abandon weekend outings are finding solace in the knowledge that their suffering is all part of a grand plan.

“I just got laid off, but honestly, that’s a great sign,” said Denver resident Michael Liu, whose entire department was eliminated as part of his company’s cost-cutting measures. “It means the Fed’s strategy is working. Sure, I don’t know how I’ll pay rent next month, but I’ll rest easy knowing my financial ruin is a crucial step toward long-term stability.”

Even major corporations have embraced the spirit of cheerful sacrifice, slashing payrolls and increasing prices while assuring the public that these actions are in their best interest.

“Firing 10,000 employees is a tough but necessary step in restoring economic balance,” said tech CEO Jason Calloway, moments before announcing record-breaking executive bonuses. “These job losses are the surest sign that prosperity is just around the corner.”

Ordinary citizens, too, are taking pride in their ability to endure the economic hardships. “My 401(k) has lost 30% of its value, and I had to cancel my health insurance,” said one man waiting in line at a food bank. “But if this is what it takes to curb inflation, I say, ‘Bring it on!’”

Meanwhile, policymakers remain confident that additional suffering will soon yield even greater results. “If people are still managing to buy essentials, we clearly haven’t done enough,” said Federal Reserve Chair Jerome Powell. “But don’t worry—we’re prepared to raise interest rates even higher until we fully purge the system of excess spending and hope.”

At press time, Americans were seen toasting with glasses of tap water, eagerly awaiting the next wave of economic hardship that will surely indicate they’re on the right path.