We explore six recent studies that can help explain why there is often a disconnect between how national economies are doing and how people perceive economic performance.
by | January 12, 2024
The U.S. economy is in good health, on the whole, according to national indicators watched closely by economists and business reporters. For example, unemployment is low and the most recent jobs report from the Bureau of Labor Statistics shows stronger than expected hiring at the end of 2023.
Yet news reports and opinion polls show many Americans are pessimistic on the economy — including in swing states that will loom large in the 2024 presidential election. Some recent polls indicate the economy is by far the most important issue heading into the election.
Journalists covering the economy in the coming months, along with the 2024 political races, can use academic research to inform their interviews with sources and provide audiences with context.
Related
Americans are far too pessimistic about the future (F Zazkaria)
Americans Are Suddenly a Lot More Upbeat About the Economy (WSJ)
Why Are Americans Dissatisfied Despite a Strong Economy?