Tuesday, February 11, 2020

"Americans Don't See Economy as a Nation's Most Important Problem"

Tim Taylor:
The Gallup Poll regularly asks about what people see as the nation's most important problem. The share of people mentioning economic issues has been plummeting, from as high as 86% back in the Great Recession of 2009, down to 11-12% at present--the lowest level of concern over economic issues in the 21th century.
Taylor's conclusion:
Of course, the real-world economy will always have issues and problems. But given that the previous recession ended more than a decade ago in June 2009 and the unemployment rate has been 4% or lower since March 2018, it makes perfect sense that economic issues should not be at the top of the current worry list.
Makes perfect sense, he says. But Incomes are still down and economic growth is still low, and debt is still high and vigor is still absent. What makes perfect sense to me is that people are just getting used to living in this shitty economy. We've mellowed since the crisis, but nothing has been fixed.

No comments: