Perception vs. Reality in the U.S. Economy

This chapter explores the disconnect between the robust data indicating economic growth and the widespread belief among Americans that the country is in a recession. It examines how factors like political dissatisfaction, inflation, and rising living costs shape public sentiment and further complicate interpretations of economic indicators. The discussion highlights the impact of high interest rates on consumer behavior and the feeling of financial insecurity among average citizens, shedding light on the complexities of understanding true economic health.