Is the Economy as Bad as People Think?
21:22 Share

Why most households are in better financial shape than prior to the pandemic, but remain frustrated at their lack of economic progress.

Topics covered include:

• How consumer sentiment surveys are designed and their current findings.
• Reasons behind consumer frustration with increasing prices amidst declining inflation rates.
• The magnitude of the inflation shock and its underlying causes.
• The concept of reference prices and their significant role in shaping consumer sentiment.
• Factors contributing to the high levels of economic uncertainty among households.
• Key elements required for enhancing consumer confidence in their economic future.
• The political repercussions stemming from widespread economic dissatisfaction.

Sponsors

Betterment – the automated investing and savings app)

Long Angle) is a private community of 2,500 very high net worth investors who leverage their collective expertise and scale to access and underwrite some of the world’s best alternative asset investments. Learn more here.)

Insiders Guide Email Newsletter

Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter)

Our Premium Products

Asset Camp)

Money for the Rest of Us Plus)

Show Notes

Surveys of Consumers—University of Michigan)

Consumer sentiment climbs amid split views on business outlook—University of Michigan)

The Purchasing Power of American Households—U.S. Department of the Treasury)

Unemployment Rate—St. Louis Fed)

We Still Don’t Believe How Much Things Cost by Rachel Wolfe and Rachel Louise Ensign—The Wall Street Journal)

It’s Been 30 Years Since Food Ate Up This Much of Your Income by Jesse Newman and Heather Haddon—The Wall Street Journal)

Consumers are increasingly pushing back against price increases — and winning by Christopher Rugaber—Yahoo! Finance)

Kraft Heinz ups ad spend, changes leadership by Christopher Lombardo—Strategy)

Many Americans Believe the Economy Is Rigged by Katherine J. Cramer and Johnathon D. Cohen—The New York Times)

Covid-19 Coronavirus Pandemic—Worldometer)

Related Episodes

380: How Stories Drive Our Happiness and Financial Success)

294: How Stories Go Viral and Drive Economic Events)

286: Coronavirus and the Financial Impact of Pandemics)

See Privacy Policy at https://art19.com/privacy) and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info).