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Most remain glum despite falling inflation and low unemployment.

Inflation has reached its lowest point in 2 1/2 years. The unemployment rate has stayed below 4% for the longest stretch since the 1960s. And the U.S. economy has repeatedly defied predictions of a coming recession. Yet according to a raft of polls and surveys, most Americans hold a glum view of the economy. The…

Most remain glum despite falling inflation and low unemployment.

Most remain glum despite falling inflation and low unemployment.

Deflation -- a widespread drop in prices -- typically makes people and companies reluctant to spend and therefore isn't desirable.

Get latest articles and stories on World at LatestLY. Inflation has reached its lowest point in 2 1/2 years. The unemployment rate has stayed below 4% for the longest stretch since the 1960s. And the U.S. economy has repeatedly defied predictions of a coming recession. Yet according to a raft of polls and surveys, most Americans hold a glum view of the economy. World News | Why Americans Feel Gloomy About the Economy Despite Falling Inflation and Low Unemployment.

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Only a part of the population is doing well: Two-thirds said their expenses have risen; only one-quarter said their income has. "(Americans) want these prices to be back where they were before the pandemic."

"They want these prices to be back where they were before the pandemic."

Inflation has reached its lowest point in 2 1/2 years