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Why many Americans still feel bad about the economy despite strong data

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There is a pervasive sense of disconnect between the overall economic picture and how people feel about the economy.

Take a moment to consider your financial situation: Are you better or worse off financially than you were a year ago? Do you think you'll be better off a year from now? And where do you see the country headed in the next five years?

"It's a measure that we can compare over time and get a pulse on the attitudes of consumers," said Joanne Hsu, director of the Surveys of Consumers at the University of Michigan. "Which is important given that consumer spending is over two-thirds of GDP."

 

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Why many Americans still feel bad about the economy despite strong dataThere is a pervasive sense of disconnect between the overall economic picture and how people feel about the economy.
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