So, even amid stronger jobs reports and economists’ talk of “soft landings,” people say they still pay more attention to their own experiences than to macroeconomic measures — and an overwhelming number say their incomes aren’t keeping pace.
More people today say their standard of living is worse, not better, than their parents’ was, and it’s age groups encompassing a lot of millennials and Gen-Xers, currently in their prime working years, who are especially apt to think so — a sentiment that runs counter to the traditional notion of the American Dream.
For months, the nation’s traditional “macro” numbers like job growth and employment, GDP and even the rate of inflation have often shown signs of strength or improvement.
In all, Americans have voiced skepticism about unequal opportunities for a while, but today the larger idea that “everyone has a chance to get ahead” is down compared to before the pandemic.
More interest rate hikes aren’t a broadly popular idea for controlling inflation — they’re especially unpopular with people in the lowest income bracket.
Given the complexity of the world’s economy — and that people do recognize multiple reasons for inflation — they may or may not be making accurate reads of the office’s power.
The original article contains 877 words, the summary contains 205 words. Saved 77%. I’m a bot and I’m open source!
This is the best summary I could come up with:
So, even amid stronger jobs reports and economists’ talk of “soft landings,” people say they still pay more attention to their own experiences than to macroeconomic measures — and an overwhelming number say their incomes aren’t keeping pace.
More people today say their standard of living is worse, not better, than their parents’ was, and it’s age groups encompassing a lot of millennials and Gen-Xers, currently in their prime working years, who are especially apt to think so — a sentiment that runs counter to the traditional notion of the American Dream.
For months, the nation’s traditional “macro” numbers like job growth and employment, GDP and even the rate of inflation have often shown signs of strength or improvement.
In all, Americans have voiced skepticism about unequal opportunities for a while, but today the larger idea that “everyone has a chance to get ahead” is down compared to before the pandemic.
More interest rate hikes aren’t a broadly popular idea for controlling inflation — they’re especially unpopular with people in the lowest income bracket.
Given the complexity of the world’s economy — and that people do recognize multiple reasons for inflation — they may or may not be making accurate reads of the office’s power.
The original article contains 877 words, the summary contains 205 words. Saved 77%. I’m a bot and I’m open source!