Survey after survey after survey has been indicating that Americans feel worse off today compared to the recent past, so much so that many of them indicate that the economy is currently in recession, that the rate of unemployment is the highest in several decades, that inflation is very high today, etc. It is as though Americans have been hit by an incoming train, heads on. The truth is that things have been improving. But for many Americans, current economic conditions continue to be worse than before the pandemic. Inflation is probably one of the reasons why Americans are feeling worse today. But it is not because ... (full story)