Bloomberg has an explainer on you tube. There are no bumper sticker answers.
Do the Math
Why Does Life Feel So Expensive When the Economy Is Booming? The US is doing great by all traditional measures. The economy is booming, unemployment is low, and the inflation rate has dropped back to more normal levels. So why is everyone so unhappy? Consumer sentiment surveys are at levels associated with busts more than booms. The answer may have less to do with scary headlines, political squabbles and geopolitical tensions than the simple fact that an alarming percentage of US workers are struggling to earn a living. — Nir Kaissar
Bloomberg has an explainer on you tube. There are no bumper sticker answers.
Do the Math
Why Does Life Feel So Expensive When the Economy Is Booming? The US is doing great by all traditional measures. The economy is booming, unemployment is low, and the inflation rate has dropped back to more normal levels. So why is everyone so unhappy? Consumer sentiment surveys are at levels associated with busts more than booms. The answer may have less to do with scary headlines, political squabbles and geopolitical tensions than the simple fact that an alarming percentage of US workers are struggling to earn a living. — Nir Kaissar