The Perception Gap in the US Economy
Poll after poll finds Americans believe the economy is getting worse. Yet, indicators such as low unemployment rates, rising wages and declining inflation tell a different story. Economists agree that the country managed to avoid another recession, but why don’t we feel good about it? Prior to 2020, Americans’ feelings about the economy tracked with objective figures, but more recently perception and reality have diverged, creating a disconnect known as the “vibecession.” We’ll talk about the perception gap, how various populations experience the economy differently and what it all means for…
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