Posted 1/19/2024, 4:38:54 PM
High Costs and Unmet Expectations Fuel American Discontent with Economy
- Housing costs are extremely high due to low inventory driving up home prices and rents
- Inflation is still rampant, increasing prices for necessities like groceries and utilities
- People need time to adjust from rapid pandemic-related economic changes like job losses
- There are high expectations after unprecedented government aid during the pandemic
- Media hype focuses on bad economic news worsening negative perceptions