Why most households are in better financial shape than prior to the pandemic, but remain frustrated at their lack of economic progress.Topics covered include:<ul><li>How consumer sentiment surveys are designed and their current findings.</li><li>Reasons behind consumer frustration with increasing prices amidst declining inflation rates.</li><li>The magnitude of the inflation shock and its underlying causes.</li><li>The concept of reference prices and their significant role in shaping consumer sentiment.</li><li>Factors contributing to the high levels of economic uncertainty among households.</li><li>Key elements required for enhancing consumer confidence in their economic future.</li><li>The political repercussions stemming from widespread economic dissatisfaction.</li></ul>Sponsors<a href="https://www.betterment.com/" rel="noopener noreferrer" target="_blank">Betterment – the automated investing and savings app</a><a href="https://www.longangle.com/" rel="noopener noreferrer" target="_blank">Long Angle</a>&nbsp;is a private community of 2,500 very high net worth investors who&nbsp;leverage their collective expertise and scale to access and underwrite some of the world’s best alternative&nbsp;asset investments.&nbsp;<a href="https://www.longangle.com/" rel="noopener noreferrer" target="_blank">Learn more here.</a>Insiders Guide Email NewsletterGet our&nbsp;<a href="https://moneyfortherestofus.com/insiders-guide/" rel="noopener noreferrer" target="_blank">free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter</a>Our Premium Products<a href="https://assetcamp.com/" rel="noopener noreferrer" target="_blank">Asset Camp</a><a href="https://moneyfortherestofus.com/hub/" rel="noopener noreferrer" target="_blank">Money for the Rest of Us Plus</a>Show Notes<a href="https://data.sca.isr.umich.edu/" rel="noopener noreferrer" target="_blank">Surveys of Consumers—University of Michigan</a><a href="https://news.umich.edu/consumer-sentiment-climbs-amid-split-views-on-business-outlook/" rel="noopener noreferrer" target="_blank">Consumer sentiment climbs amid split views on business outlook—University of Michigan</a><a href="https://home.treasury.gov/news/featured-stories/the-purchasing-power-of-american-households" rel="noopener noreferrer" target="_blank">The Purchasing Power of American Households—U.S. Department of the Treasury</a><a href="https://fred.stlouisfed.org/series/UNRATE" rel="noopener noreferrer" target="_blank">Unemployment Rate—St. Louis Fed</a><a href="https://www.wsj.com/economy/consumers/grocery-prices-inflation-coffee-milk-903aead6" rel="noopener noreferrer" target="_blank">We Still Don’t Believe How Much Things Cost by Rachel Wolfe and Rachel Louise Ensign—The Wall Street Journal</a><a href="https://www.wsj.com/economy/consumers/its-been-30-years-since-food-ate-up-this-much-of-your-income-2e3dd3ed" rel="noopener noreferrer" target="_blank">It’s Been 30 Years Since Food Ate Up This Much of Your Income by Jesse Newman and Heather Haddon—The Wall Street Journal</a><a href="https://finance.yahoo.com/news/consumers-increasingly-pushing-back-against-235757139.html" rel="noopener noreferrer" target="_blank">Consumers are increasingly pushing back against price increases — and winning by Christopher Rugaber—Yahoo! Finance</a><a href="https://strategyonline.ca/2023/11/01/kraft-heinz-ups-ad-spend-changes-leadership/" rel="noopener noreferrer" target="_blank">Kraft Heinz ups ad spend, changes leadership by Christopher Lombardo—Strategy</a><a href="https://www.nytimes.com/2024/02/21/opinion/economy-research-greed-profit.html" rel="noopener noreferrer" target="_blank">Many Americans Believe the Economy Is Rigged by Katherine J. Cramer and Johnathon D. Cohen—The New York Times</a><a href="https://www.worldometers.info/coronavirus/" rel="noopener noreferrer" target="_blank">Covid-19 Coronavirus Pandemic—Worldometer</a>Related Episodes<a href="https://moneyfortherestofus.com/380-stories/" rel="noopener noreferrer" target="_blank">380: How Stories Drive Our Happiness and Financial Success</a><a href="https://moneyfortherestofus.com/294-narrative-economics/" rel="noopener noreferrer" target="_blank">294: How Stories Go Viral and Drive Economic Events</a><a href="https://moneyfortherestofus.com/286-coronavirus-the-financial-impact-of-pandemics/" rel="noopener noreferrer" target="_blank">286: Coronavirus and the Financial Impact of Pandemics</a>See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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Is the Economy as Bad as People Think?

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