Grocery store shopping
Woman looking at prices during inflation while doing shopping in supermarket.
  • Americans have been feeling pretty dreary about the economy — almost like it's 2009 all over again.
  • It might be because the loudest people in the room are the ones seeing the fewest relative gains right now.
  • Lower-income Americans got the biggest relative raises, and inflation is set to cool even more.

The economy is good right now.

No, really. We promise.

The extreme dissonance between sentiment and reality is something that Will Stancil, a researcher at the University of Minnesota, began picking up on in late 2021; he said it only worsened over the next few years.