Despite GDP growth and recovery in key economic indicators, a Gallup poll reveals that 52% of Americans feel worse off than four years ago, indicating a disconnect between economic data and public sentiment.
The U.S. economy has significantly outpaced other developed countries in recovery post-COVID, with GDP growth of 10.7% since Q4 2019, but persistent high prices contribute to consumer dissatisfaction.
While inflation rates have eased since their peak in June 2022, consumer sentiment remains low, highlighting that the perceived economic wellbeing often lags behind favorable economic statistics.
The job market has shown recovery post-COVID, but recent job growth was disappointing, suggesting that while overall economic indicators may look positive, many Americans are still struggling.
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