How Americans Grade the Economy on a Curve

Courtesy of The Week. By Jeff Spross

Just how well is the U.S. economy doing?

This is actually a point of some contention in wonk world. Unemployment is remarkably low, GDP growth is strong, and the stock market is booming. On the other hand, wage growth is anemic, labor force participation is still depressed, and household finances remain precarious.

One way to cut through the murk might be to ask Americans themselves for their opinion.

Pew, Gallup, and other outfits all do regular surveys asking people how they think the economy is doing. And these days, results from these questionnaires suggest the economy is doing quite well. According to the University of Michigan’s survey of consumer sentiment — arguably the gold standard of these efforts — things are as good as they were in the early 1960s.

Read more here.

Share this post