4.4 • 102.8K Ratings
🗓️ 30 November 2023
⏱️ 22 minutes
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0:00.0 | From the New York Times, I'm Sabrina Tavernysee, and this is the Daily. |
0:07.0 | The American economy, by many measures, is doing better than it's done in years. |
0:13.0 | But for many Americans, that's not how it feels. |
0:17.0 | I mean, I get comments from people all the time |
0:19.0 | that I could stretch a dollar like no one else, |
0:21.0 | and even though I'm struggling to do it. |
0:23.2 | Yeah when I'm talking about inflation I'm mostly talking about the cost of groceries. |
0:27.9 | Milk used to be like a buff 89 a gallon. |
0:32.1 | It's now 2 89. I'm like saying God I'm lactose intolerant. Their |
0:38.5 | feeling is pointing to an enduring economic mystery. Why do Americans feel so bad when the economy is so good? |
0:47.0 | We're kind of just struggling in what's left of the middle class. |
0:52.0 | Today, my colleague Gina Smylick on a new way to understand the disconnect. |
1:05.0 | It's Thursday, November 30th. So Gina, we're going to talk today about the economy and how, despite the fact that it's doing quite well, |
1:12.0 | Americans are feeling pretty badly about it. |
1:14.7 | So this is a puzzle we spent some time on the show already thinking about. |
1:19.1 | Two years ago we did a show with our colleague Ben Castleman. |
1:22.5 | At the time, the economy was still really emerging |
1:25.1 | from the pandemic. |
1:26.3 | Inflation was really high. |
1:28.1 | And the thinking at the time was, you know, |
1:30.0 | this is a temporary thing. |
1:31.3 | Americans feel badly about the economy, but it will pass. |
... |
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