Americans' perceptions of the economy have been fundamentally skewed; many believe the country is in a recession despite evidence to the contrary, revealing a disconnect.
Between 1999 and 2020, the partisan divide in economic expectations has doubled, with political biases heavily influencing how citizens perceive economic realities.
The notion of a 'vibecession,' where individuals feel economically insecure despite favorable data, illustrates the powerful role emotions play in public sentiment.
This disconnect between personal financial situations and national economic perceptions poses risks, as it could lead to detrimental decisions by consumers and policymakers.
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