Wall Street Journal: “So if the economy is so good, why are Americans so gloomy? Confidence readings are depressed. Some 69% of respondents to a Journal survey in August said the country is headed in the wrong direction. President Biden’s approval ratings are mired around or below 40%, and approval for his handling of the economy is even lower.
”“The most popular explanation for this dichotomy is that good feelings about jobs are more than offset by high inflation. There is a lot of evidence for this, but it is still not an entirely satisfying answer.”