Nearly 3 in 5 incorrectly believe US is in economic recession: survey
fox59.com
external-link
A majority of Americans wrongly believe that the country is in a recession, a new survey found.

Fascinating little window

  • Almost 60% of respondents wrongly believe that the country is in a recession (it hasn’t been since 2020)
  • 55% believe the economy is shrinking (it is growing)
  • 49% say unemployment is at a 50-year high (it’s close to a 50-year low)
  • 58% said the reason the economy is worsening is due to Biden’s mismanagement

Yet again I’m asking the Fediverse: What do they think a good economy should look like?

Less wealth inequality and a strengthening middle class would be a great indicator.

frog 🐸
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fedilink
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67M

A good economy serves the needs of the people. As soon as you have a situation where people are effectively ground into paste to feed the economy, it’s not a good economy.

Lots of healthy, happy people with disposable income.

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