It's not just vibes. Americans' perception of the economy has completely changed. - ABC News - 0 views
-
Applying the same pre-pandemic model to consumer sentiment during and after the pandemic, however, simply does not work. The indicators that correlated with people's feelings about the economy before 2020 no longer seem to matter in the same way
-
As with so many areas of American life, the pandemic has changed virtually everything about how people think about the economy and the issues that concern them
-
Prior to the pandemic, our model shows consumers felt better about the economy when the personal savings rate, a measure of how much money households are able to save rather than spend each month, was higher. This makes sense: People feel better when they have money in the bank and are able to save for important purchases like cars and houses.
- ...20 more annotations...