Here’s Why the Economy Feels So Bad When It Sounds So Good
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Aug. 8, 2019 | ECONOMY | It’s because the most common measures Americans use to monitor its health — the stock market and unemployment numbers — aren't enough to tell us what's deeply wrong with the country. With numbers like the ones we're seeing, Americans should be optimistic about the future. Unemployment is at record lows, and the stock market is at record highs. But we're not. Americans are broadly pessimistic about what's coming next, the Pew Research Center found earlier this year. Increasingly, they believe that our political and economic systems work only for those with power. This is because neither the stock market nor employment data captures what's ailing most American families: rising costs for critical, necessary items… Business Insider
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