People whose electoral politics is the same as mine seem very excited to share Figure 7, but they seem less often to share Figure 5.
Both from the same source, the Fed's Report on the Economic Well-Being of U.S. Households in 2023 - May 2024 https://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023-overall-financial-well-being.htm
#economics #finance
"Figure 7. Assessment of own financial well-being, local economy, and national economy (by year)" showing a steady 75%-ish describe themselves as "doing at least okay" financially, even while they perceive their local and the national economy declining.
"Figure 5. Financial situation compared with 12 months prior (by year)" showing that of that "doing okay" in Figure 7, only about a third ever felt better off year-over-year, and since 2022, substantially more perceive themselves to be worse off than better off, year over year.