There’s a conundrum that economists and political strategists have been chewing on for more than a year: The economy is good, but Americans say it’s lousy.
Just 2% of voters say the economy is excellent, according to a New York Times-Siena College poll.
But there’s a conundrum within the conundrum, which is that, despite what Americans say, they are not behaving like a people particularly worried about the economy.
That’s why Americans are pulling money from their 401(k)s at an alarming rate to pay the bills.
For young people living paycheck to paycheck, the dream of homeownership (and the financial security that comes with it) feels frustratingly out of reach.
Persons:
CNN Business ’, Bidenomics, Taylor Swift, they’re, It’s, Jay Powell, it’s squishy, don’t
Organizations:
New, New York CNN, CNN Business, New York Times, Siena, Starbucks
Locations:
New York, pollsters