The Federal Reserve issued its "Economic Well Being" report. They have been doing these reports since 2013, so the data set is limited, but it covers the lingering effects of 2008 and the Trump years.
Here's the nut graph:
The report indicates that self-reported financial well-being reached its highest level since the SHED began in 2013. In the fourth quarter of 2021, 78 percent of adults reported either doing okay or living comfortably financially. Financial well-being also increased among all the racial and ethnic groups measured in the survey, with a particularly large increase among Hispanic adults. Parents were one group who reported large gains in financial well-being with three-fourths saying they were doing at least okay financially, up 8 percentage points from 2020.
But Biden's approval numbers are in the tank and the "economy" is one reason why.
Make it make sense,
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