Sunny Economy, Gloomy Dispositions

Inflation is the number one economic concern among consumers today. It's also moderated significantly since the summer of 2022; the prices of durable goods are even deflating a bit. The labor market remains strong, boosting consumer spending. Stocks are at all-time highs.

Yet, according to a recently released Fed survey, only 22% of Americans think the US economy is in good or excellent shape, down from 50% before the pandemic. The survey was conducted during October of last year. So why are so many people so negative on the economy? Here are a couple of good reasons: