The Mystery of the Consumer Economic Disconnect
According to The Economist, the United States economy is the envy of the world: But not according to the typical U.S. consumer. Traditionally, consumers’ opinions about the economy track its actual state. So, since growth is sufficiently robust, unemployment is low, inflation is under control, and equity markets are soaring, then most of us should feel good. But we don’t. Explaining why, Brookings said there were three reasons: “The Lasting Impact of Inflation” “Media Bias and Misinformation” “Political Biases”. Inflation: Although our wages have outpaced inflation during the past 4 years, we don’t believe the numbers or if they could continue. ….[READ]
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