The stakes of economic perception for Biden
This is an edition of The Atlantic Daily, a newsletter that guides you through the biggest stories of the day, helps you discover new ideas, and recommends the best in culture. Sign up for it here. A strong economy could work in Joe Biden’s favor in the coming election, but only if consumers’ attitudes stay positive too. First, here are three new stories from The Atlantic: A Sentiment Spike Consumers have been feeling meh about the economy—which by many measures is doing well—for some time now. Blame it on inflation, or the media, or the state of, you know, life in America. But this month, a closely watched consumer survey from the University of Michigan showed the largest two-month spike in consumer sentiment since 1991. “The improvement was seen across age, education, income groups, political groups … The fact that all of these things are moving together is actually quite unusual,” Joanne Hsu, the director of the Michigan consumer surveys, told me. Consumers are responding in part to inflation remaining lower in recent months than …