A recent Wall Street Journal poll of American voters in swing states found that while people think the national economy is in bad shape, they feel good about their personal finances.
In Gallup polling from last April, just 16% rated the economy as “good” or “excellent,” but 45% said their personal finances were “good” or “excellent.”But according to available data the economy has improved.
But the dichotomy between how people feel about their own finances and the economy at large presents a different conundrum.
It’s important to look at consumer behavior and not just sentiment when determining how Americans feel about the economy, said Harris.
Those behaviors signal that Americans, overall, actually feel pretty good about their economy.
Persons:
New York CNN — Nathan Frederiksen, “, ”, ” Frederiksen, It’s, “ We’ve, I’ve, ” He’s, —, Wisconsin —, Joe Biden, Ben Harris, else’s, ” Harris, Harris, Jonathon Barricklow, Barricklow, we’d, Dave Koloskee, he’ll, Megan McCoy, we’re, ” McCoy, Julie Levitch, Suze Orman, she’s, I’m, ’ ”, ‘, they’re
Organizations:
New, New York CNN, CNN, Gallup, Economic, Brookings, Bureau of Labor Statistics, Facebook, Kansas State University, “, Finance, LinkedIn
Locations:
New York, Boise , Idaho, Arizona, Georgia, Michigan, North Carolina , Nevada , Pennsylvania, Wisconsin, it’s, United States, Bowling Green , Ohio, East, Europe, Erie , Pennsylvania, Scottsdale , Arizona