ShreyaNomics

  A stark dichotomy exists within the American economy: at the macro level, it’s thriving post-pandemic. Unemployment is at a historic low of 4%, inflation has eased to 2.5%, and GDP growth exceeds expectations at 3%, outpacing many global economies and defying recession fears. Yet, despite this recovery, public sentiment tells a different story. As of August 2024, only 14% of voters believe the economy is strong, with confidence levels just 10 points higher than during the 2008 Recession. This disconnect between economic success and widespread pessimism raises critical questions about the nation's financial well-being and the way voters view the upcoming election. American Consumer Sentiment To understand the roots of this economic dichotomy, we must look back to March 2020, when the world came to a standstill due to the Pandemic. Over 23 million U.S. jobs were lost, supply chains were disrupted, and global economists predicted deep recessions in nearly every country, including t