Still thinking about why Americans are so downbeat about the economy, inspired in part by this Simon Wren-Lewis piece about Britain — where voters say that the Tories are better for the economy, but Labour better for living standards (!) 1/ mainlymacro.blogspot.com/2021/12/they-l…
This seems to jibe with my suggestion that what people mean when they are asked about "the economy" doesn't connect very well to personal experience 2/ nytimes.com/2021/11/09/opi…
We are, after all, experiencing a rapid improvement in employment — actually an awesomely fast recovery in prime-age employment 3/ 
Yes, inflation is troubling. But real wages are up since prepandemic 4/
According to the Langer survey, people are downbeat about the economy but upbeat about their personal financial situation 5/ langerresearch.com/category/cci/
I guess it's considered uncouth to blame media coverage, although as always it's OK if you're a Republican. But it sure does look as if people keep hearing that the economy is bad, and believe it even though they themselves are doing well 6/
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