Posted 3/4/2024, 9:21:58 PM
Americans Gloomy on Economy Despite Strengths
- Majority of Americans rate the economy as poor despite record high stock market, near record low unemployment rate, and highest ever total employment
- Inflation is down significantly from its peak of 9% in June 2022, but remains elevated and families are still feeling economic pain
- Many Americans feel worse off compared to 5 or 10 years ago due to negative real wage growth in 2022, even as the economy rebounds
- Homeowners and stock market investors have actually benefited greatly in recent years, yet still rate the economy poorly
- There is a mismatch between solid economic metrics and negative public sentiment that may be driven by unmet expectations and desire for more