A Booming Economy—For Whom? You’ve heard the story before—unemployment is low, the stock market is up, GDP is humming along, and inflation is “under control.” So why are Americans more pessimistic about the economy today than they were during the darkest days of 2008? Because they live in it. According to the latest Axios Vibes survey by the Harris Poll, 65% of Americans report feeling financially squeezed each month, a sharp rise from just over a year ago. University of Michigan’s Consumer Sentiment Index is down more than 21% year-over-year—now sitting lower than during the Great Recession. And the Conference Board’s Confidence Index is back in the gutter, below its reading during the 2022 inflation peak. Reality at the Checkout…
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