Nearly three in five Americans wrongly believe the US is in an economic recession, and the majority blame the Biden administration, according to a Harris poll conducted exclusively for the Guardian. The survey found persistent pessimism about the economy as election day draws closer.
The poll highlighted many misconceptions people have about the economy, including:
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55% believe the economy is shrinking, and 56% think the US is experiencing a recession, though the broadest measure of the economy, gross domestic product (GDP), has been growing.
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49% believe the S&P 500 stock market index is down for the year, though the index went up about 24% in 2023 and is up more than 12% this year.
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49% believe that unemployment is at a 50-year high, though the unemployment rate has been under 4%, a near 50-year low.
Economy health does not equate to cheap fuckin groceries and gas.
The goddamn monopolies are fleecing us because they can, that’s not the economy’s fault, you’re just literally taking their lies/excuses as fact.
Your comment screams naivety. You may think you want a bad one but the rest of us know we don’t.
While your comment is dismissive and arrogant, you make a good point (even if it’s not the point you intended).
The metrics we use the show the health of our economy do not reflect the economic circumstances of the average citizen, and that’s a real problem.