Zack-- all those economists/media outlets that kept saying the economic sky was going to fall for soooooo long-- how much blame would you assign to them for the public being soooo negative about the economy? Yeah, yeah, I know people are getting a bit more optimistic (how can they not with so much factual evidence in front of them) but most people were more pessimistic about the economy than they were during the 2008 crash.
I'd give them some blame, but not a ton! People were always going to be negative about inflation (a very visible part of the economy), and even though inflation has slowed, prices still probably feel high to a lot of people. I'd also give some blame to the fact that a lot of people thought a slowdown in inflation meant prices would go down, while it actually means prices just go back to rising at a slower rate.
Zack-- all those economists/media outlets that kept saying the economic sky was going to fall for soooooo long-- how much blame would you assign to them for the public being soooo negative about the economy? Yeah, yeah, I know people are getting a bit more optimistic (how can they not with so much factual evidence in front of them) but most people were more pessimistic about the economy than they were during the 2008 crash.
I'd give them some blame, but not a ton! People were always going to be negative about inflation (a very visible part of the economy), and even though inflation has slowed, prices still probably feel high to a lot of people. I'd also give some blame to the fact that a lot of people thought a slowdown in inflation meant prices would go down, while it actually means prices just go back to rising at a slower rate.