Posted 2/11/2024, 9:35:13 AM
Why Economic Optimism Lags Despite Positive Indicators
- Despite positive economic indicators, many Americans feel pessimistic about the economy, especially young people
- A viral TikTok trend called "loud budgeting" encourages openly talking about budgeting money
- Consumer sentiment has improved recently but remains low compared to pre-pandemic
- High inflation is hitting young people hard since they have no experience with it before
- The Biden administration is struggling to align positive economic data with negative public sentiment
