Consumer gloom: Why Americans continue to worry about the economy despite falling inflation
Inflation reached its lowest point in two-and-a-half years at the end of 2023. The unemployment rate has stayed below 4% for the longest stretch since the 1960s. The U.S. economy also repeatedly defied predictions of a coming recession. Yet according to a raft of polls and surveys, most Americans still hold a glum view of the economy. The disparity has led to befuddlement, exasperation and curiosity on social media and in opinion columns. In November 2023, the Federal government reported that consumer prices did not rise at all from September to October, the latest sign that inflation was steadily...
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