Get latest articles and stories on World at LatestLY. Inflation has reached its lowest point in 2 1/2 years. The unemployment rate has stayed below 4% for the longest stretch since the 1960s. And the U.S. economy has repeatedly defied predictions of a coming recession. Yet according to a raft of polls and surveys, most Americans hold a glum view of the economy. World News | Why Americans Feel Gloomy About the Economy Despite Falling Inflation and Low Unemployment.
Only a part of the population is doing well: Two-thirds said their expenses have risen; only one-quarter said their income has. "(Americans) want these prices to be back where they were before the pandemic."