Poll Highlights Gap Between Economic Data and Consumer Attitudes

Poll Highlights Gap , Between Economic Data and , Consumer Attitudes .
CNBC reports that over half of Americans
falsely believe the United States is in
the middle of an economic recession.
A recession is officially defined as an extended period of
economic decline, usually after gross domestic product
(GDP) declines for two or more consecutive quarters. .
However, for the past several years,
GDP has actually been increasing.
Despite this, a recent Guardian/Harris poll
found that 56% of respondents believe the
U.S. is currently experiencing a recession. .
Despite this, a recent Guardian/Harris poll
found that 56% of respondents believe the
U.S. is currently experiencing a recession. .
At the same time, 58% of those polled believe
that the Biden administration is responsible
for the perceived economic downturn.
In the first quarter of 2024,
the GDP grew by 1.6%. .
CNBC reports that the recent poll
highlights the ongoing gap between
economic feelings and economic data. .
Consumer attitudes have been
lagging amid persistent inflation and
a consequently high cost of daily living. .
The poll comes just six months ahead of the November
presidential election which will pit President Joe Biden
against former president Donald Trump.
The poll comes just six months ahead of the November
presidential election which will pit President Joe Biden
against former president Donald Trump.
The Biden administration has been trying to shift the
mood of voters and recognize economic gains the U.S.
has made in the wake of the COVID-19 pandemic. .
The Biden administration has been trying to shift the
mood of voters and recognize economic gains the U.S.
has made in the wake of the COVID-19 pandemic.