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The NPR Politics Podcast
If The Economy Is So Good, Why Are People So Mad?
Aug 16, 2023
Exploring the disconnect between the strong economy and public dissatisfaction, the podcast discusses credit card debt, the administration's confidence in the economy, and the impact of the economy on the 2024 election.
10:20
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Quick takeaways
- Despite rising gas prices, overall consumer sentiment about the economy is improving.
- High credit card debt is a concern, but increasing wages provide greater buying power.
Deep dives
Inflation cooling and job market holding up
Inflation in the US is cooling, with prices up 3.2% from last year, a big improvement from the 9% last summer. Core prices are approaching the desired levels, and the job market has remained strong with the addition of 187,000 jobs in July. This suggests the possibility of a soft landing for the economy, where inflation is controlled without triggering a recession.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode