The Economy Is Surprisingly Strong Despite The Doom And Gloom
Unemployment is just 3.7%, inflation cooling, and GDP grew 2.9% last quarter - not signs of a recession
Yet consumer confidence tanked to lows on par with the 2008 financial crisis
President Biden touts record job gains, but his approval rating lingers under 45%
There's a growing disconnect between positive economic data and negative public attitudes
Endless negative news in the digital era could be fueling heightened pessimism
People disproportionately hear about inflation rather than employment gains
Psychologists say we have inborn negativity bias, which news outlets exploit for profits
The sheer scale of alarming coverage may drive perceptions that override reality
Biden leans on showcasing data about jobs and growth - but gloom is hard to crack