336

Majority of Americans wrongly believe US is in recession – and most blame Biden (www.theguardian.com)

submitted 3 months ago by MicroWave@lemmy.world to c/politics@lemmy.world

94 comments fedilink hide all child comments

Nearly three in five Americans wrongly believe the US is in an economic recession, and the majority blame the Biden administration, according to a Harris poll conducted exclusively for the Guardian. The survey found persistent pessimism about the economy as election day draws closer.

The poll highlighted many misconceptions people have about the economy, including:

55% believe the economy is shrinking, and 56% think the US is experiencing a recession, though the broadest measure of the economy, gross domestic product (GDP), has been growing.
49% believe the S&P 500 stock market index is down for the year, though the index went up about 24% in 2023 and is up more than 12% this year.
49% believe that unemployment is at a 50-year high, though the unemployment rate has been under 4%, a near 50-year low.

you are viewing a single comment's thread
view the rest of the comments

[-] Today@lemmy.world 10 points 3 months ago

I have a friend with whom i disagree on most issues. They were recently complaining about how bad the economy is, how expensive food is, and that their family can't afford to eat beef. They have a large house, they've been paying an extra $1000-2000 per month on their mortgage for the last two years, and they invited 2 adult children to move home so the kids could save money for houses. They watch Fox News (or worse) and believe they're struggling. I pointed out some cheap chicken and other items in a grocery ad and the response was, "but those are just the things that are on sale; everything else is expensive." I was stunned - almost everything i buy is on sale. Yes....you're right...the wagyu costs more than it used to.

My kids also complain, "Our grocery bill is twice what it was two years ago!" Maybe because you're now spending $75/wk in protein shakes and supplements?

I'm not saying that people aren't struggling or that they shouldn't be able to buy things they want, but the people who complain the loudest (in my experience) are not the ones who are in the most difficult situations.

[-] iamdisillusioned@lemmy.world 4 points 3 months ago

My conservative parents have also been complaining about the economy and their financial situation. In April they spent 4k to get a box at a baseball game and asked me for money to pay for it, citing that its a special spend to celebrate my dad's 60th birthday. Then last week I found out that they are going on a 16k eastern European river cruise this summer. Talk about temporarily embarrassed millionaires.

[-] AA5B@lemmy.world 2 points 3 months ago* (last edited 3 months ago)

My kids also complain ….

Yeah, I really feel this. My kids are teens and one is actively lifting/bulking, so food goes so much faster now, and foods with lean protein (so much chicken) are much more expensive than a reasonable amount of veggies and carbs to help fill up

A decade or two ago I would really tease a couple friend of ours for preparing meals like “steak on a plate” instead of something more nutritionally balanced and with healthier fat choices. Now my one kid wants “chicken on a plate”, twice as much chicken and nothing else

this post was submitted on 22 May 2024

336 points (100.0% liked)

politics

18789 readers

2415 users here now

Welcome to the discussion of US Politics!

Rules:

Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive.
Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

• Register To Vote

• Citizenship Resource Center

• Congressional Awards Program

• Federal Government Agencies

• Library of Congress Legislative Resources

• The White House

• U.S. House of Representatives

• U.S. Senate

Partnered Communities:

• News