14min chapter

Factually! with Adam Conover cover image

If the Economy is Good, Why Do We Feel So Bad? with Kyla Scanlon

Factually! with Adam Conover

CHAPTER

Economic Perceptions Amidst Rising Costs

This chapter explores the rising costs of essential services like eldercare and childcare, contrasting them with favorable trends in other sectors, which contribute to a feeling of economic insecurity among individuals. It discusses the stagnation in the housing market caused by high mortgage rates and the disconnect between personal financial circumstances and broader economic sentiments influenced by negative media narratives. Through the lens of consumer perceptions and survey data, the chapter highlights the paradox of wealth versus prosperity in America, advocating for proactive engagement to counteract feelings of despair.

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