All posts tagged: lot of good news.Edelman

No, the Economy Isn’t Tanking

No, the Economy Isn’t Tanking

The illusion persists, despite all evidence. Americans are pessimistic about the economic future. They feel worse off than their parents were. Poll after poll shows that at best, only 20 percent of Americans say the economy is doing better than it was a year ago. More than 20 percent of Americans are doing better than they were a year ago, by many measures: Unemployment is lower. Wages are growing. Inflation is declining. This is true for Americans across ages and classes. These are tangible improvements in household income that should be cheering people up. And still, they are not. Why? What tricks are our minds playing on us that we can’t feel hopeful? In this episode of Radio Atlantic, I interview Gilad Edelman, a senior editor at The Atlantic who covers the economy. Edelman was also stumped by the mystery. Typically as inflation improves, so does the American mood. But for the first time in decades, that didn’t happen. In a poll commissioned by The Atlantic, Edelman set out to figure out what factor the …