Biden's Economy Beats Expectations But Public Still Gloomy

• Economic growth under Biden has exceeded expectations, yet his approval ratings on the economy remain low • Three theories proposed to explain the disconnect persistent high prices, time lags in public perception, and negative economic "vibes" detached from reality • Evidence shows inflation falling, consumer sentiment rising, yet public still rates economy poorly • Media narratives likely contribute to negative vibes, though recently turned more positive • Despite economic gains in jobs, wages, inflation, the broad narrative may still misrepresent realities