GUEST VIEW: Americans can tell the difference between rosy economic data and reality
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The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
The economy is growing, unemployment is low, wages are up and inflation is down. However, the American people remain grumpy about the state of the economy. This puzzle was just
The economy is growing, unemployment is low, wages are up, and inflation is down.
Even if every newspaper and the President insist that Americans' lives are getting better because of falling inflation, we know that's not right.
It's because of how inflation is measured, which doesn't capture certain costs that add to the prices that consumers pay every day. Americans experience an economic reality that's far different from what economists see in their data and models.