Posted 12/7/2023, 11:04:38 AM
Americans Gloomy Despite Strong Economy and Falling Inflation
- Americans are in a historically bad mood about the economy despite solid macroeconomic fundamentals
- This poor sentiment doesn't correlate with actual economic conditions over the past 20 years
- Americans' net worth grew 37% from 2019-2022, fastest on record, yet glum mood persists
- Inflation has fallen to 3.2%, unemployment is very low, so what explains the negativity?
- The reach of technology and social media may have exacerbated anxieties and impaired critical thinking