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January 15, 2024
The Economy Is Good. Why Do Consumers Feel So Bad?
As we approach another federal election cycle, there will be a lot of talk about the state of the economy. Are Americans better off, economically speaking, than they were when President Biden took office three years ago? Despite our having lived through a pandemic and the resulting unprecedented economic shocks, it still should be a…
January 12, 2024
When It Comes to the State of the American Economy, Let’s Keep It Real
Here we go again. An oft-repeated economic claim on social media is that most Americans lack the means to cover a $400 emergency expense. More evidence that most of us in “late capitalist” America live paycheck to paycheck. Indeed, another common claim on social media is that nearly 80 percent of US workers live paycheck…