Americans are unusually down on a solid economy. So far, they aren't spending — or voting — like it.
Americans are unusually down on a solid economy. So far, they aren't spending — or voting — like it.
Both parties are laser-focused on voters’ sour economic mood, but it’s anyone’s guess how today’s pessimism might play a year from now.
You're viewing a single thread.
The vast majority of Americans are worse off economically than they were before the pandemic. This was in the news just last week. NBC says "good economy" and the people say "pull the other one".
Well, that may be true, but national economics are not really about anecdotes and individuals. It's about data and society as a whole.
It's about numbers as a whole, and the bottom 50% of earners in the US only have 2.6% of the wealth. They can advertise a 'good economy' but most of us can't afford to participate in it.
Which is exactly like it's always been. But a lot of people seem to think that "getting 45 back" will solve all their economic woes. It won't. It will just exacerbate inequality.
People need to look for actual change. Look to Europe for inspiration, for example. There's a reason behind the saying that to live the American dream, move to Scandinavia.