More than half of Americans think the U.S. is in a recession. It's not.

[babylonsister]

https://www.axios.com/2024/05/23/us-recession-economic-data-poll

3 hours ago -
Economy
More than half of Americans think the U.S. is in a recession. It's not.
Emily Peck, author of Axios Markets


More than half of Americans — 56% — mistakenly believe the U.S. is currently in a recession and that Biden is responsible for a worsening economy, according to a stunning new poll conducted by Harris for The Guardian.

Why it matters: The economy is actually in good shape and there's no recession. But misperceptions like this are a huge political challenge for President Biden and an advantage for former President Trump as they vie for second terms.

Reality check: It can be difficult to know if a recession is actually happening — it's a call typically made after the fact by the National Bureau of Economic Research. (The NBER called the 2008 recession months after most people believed we were in one.)

In order for there to be a recession, there typically needs to be a significant decline in economic activity.

That's not the case now. The U.S. economy, as measured by GDP, is growing.

more...

https://www.axios.com/2024/05/23/us-recession-economic-data-poll

[msongs]

1. evidently axios are all elitists who never shop in grocery stores nt

[Quixote1818]

2. It's MAGA ass holes saying things suck even when they know better.

This has been shown over and over.

[SoFlaBro]

3. I had a goddamn fucking exchange on that piece of shit twitter where the motherfucker admitted being all fucked up about

the economy not because it was bad for his fucking ass. But the stupid fucking guy was worried about economic fragility and his goddamn shitty kids.