Wrong.
Voters handed Donald Trump a victory in November, reflecting widespread discontent with inflation and angst about financial security. It’s a feeling that has persisted in the economy since the pandemic: Consumers have dealt with shocking price hikes on housing, groceries, child care and more. While Trump will inherit a robust economy, these cost-of-living stresses will continue to weigh on Americans.
Though metrics such as GDP and job growth show a healthy economy, these seven charts offer insight into why Americans are still feeling crunched.
1. Consumer prices
Inflation has cooled significantly since its red-hot levels in 2022, but that does not mean prices have gone down. That alone can sour consumers’ moods because it doesn’t match their expectations, Sahm said. Even though wages have largely kept up with inflation, consumers “don’t want to pay those higher prices.”
“There’s something about what people were expecting this economy to deliver them, and it fell short,” she said.
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