Why Americans are more bummed out than ever
https://finance.yahoo.com/news/why-a...215326392.html
Quote:
Biden is right that job growth during his term has been the strongest under any president, ever.
The disconnect between a relatively good economy and dismal consumer attitudes has puzzled economists, who point out that the same consumers who have a recessionary mindset continue to spend money, keeping the economy out of recession. Maybe inflation is so traumatic that the rising cost of rent, gas, or bacon simply freaks people out.
Here’s another theory: Americans are so overwhelmed with negative news that they’re more inclined than ever before to think things are terrible. In a new report for Moody’s Analytics, economist Matt Colyar finds that negative attitudes have intensified over the decades as the internet and digital communication have flooded people with news, much of it bad.
“Never before have subjective evaluations of the economy been so divorced from economic data,” Colyar wrote. “More people are encountering more news, and for a variety of psychological and commercial reasons, news tends to skew negative. The increase in the share of respondents saying they have heard news about changes in business conditions has been disproportionately distributed toward the unfavorable kind.”
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Exactly. Faux "News" is one of the worst, never will they report anything good about Biden's great economy. Morons like Whell get their "news" from right-wingnut sources, and believe every lie, every piece of propaganda, and think the economy is a mess, which is anything but the truth. Sad.