The Daily

The Economy Is Good. So Why Do We Feel Terrible About It?

Nov 18, 2021

Ben Casselman, a New York Times reporter on economics and business, dives into the paradox of a recovering economy paired with public pessimism. He explores how inflation and rising costs shape perceptions of financial stability, creating anxiety despite job growth and increased spending. The discussion highlights the psychological impact of economic indicators on everyday life and examines the challenges policymakers face in bridging this sentiment gap. Tune in for a blend of insightful analysis and engaging conversation!

25:12

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Episode guests

Ben Casselman

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Episode notes

Intro

2min

The Economic Paradox

9min

The Psychological Toll of Inflation on Economic Optimism

2min

Economic Anxiety: The Disconnect Between Perception and Reality

10min

Navigating Economic Sentiment Amidst Uncertainty

2min

Political Tensions and Violence in Congress

2min

The U.S. economy is doing better than many had anticipated. Some 80 percent of jobs lost during the pandemic have been regained, and people are making, and spending, more.

But Americans seem to feel terrible about the financial outlook.

Why the gap between reality and perception?

Guest: Ben Casselman, a reporter covering economics and business for The New York Times.

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Background reading:

American consumers express worry about inflation and are pessimistic about the direction of the country in general. But none of that is keeping them from spending.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

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