Despite Cooling Inflation, Americans Feel Gloomy as High Prices Outpace Wage Gains
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Inflation has cooled from last year's highs, unemployment is low, yet Americans feel gloomy about the economy.
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Prices are still much higher than pre-pandemic for many everyday goods like food and rent.
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Adjusted for inflation, wages have barely risen since 2019, leaving many feeling they've made little progress.
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Political partisanship exacerbates negative views of the economy with a Democrat in the White House.
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Poorer Americans face higher inflation but have seen the biggest wage gains, though often still lagging price hikes.