The economic surge feels like a drag? Your state may be underperforming
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Consumer sentiment stands well below pre-pandemic levels. The U.S. economy has been performing well, but Americans remain sour. The disconnect between economic performance and sentiment may be due to elevated prices and partisan reluctance to acknowledge success under Biden. The economic performance varies between states and localities, with some facing higher expenses. The best-performing states have better-than-average unemployment, GDP growth, and gas prices. The worst-performing states, including California, New York, and New Jersey, have lower growth, higher unemployment, and higher gas prices. The variation in economic conditions across states and localities contributes to the gap between economic sentiment and performance. Attitudes about the economy have improved, but consumer sentiment remains below pre-pandemic levels. Voters prefer Trump over Biden on handling the economy. The Biden campaign touts the current state of the economy as a winning record. The variation in economic conditions across states and localities could explain the gap between economic sentiment and performance.

#Economy #ConsumerSentiment #StateEconomies #EconomicPerformance #Biden #Trump

https://abcnews.go.com/Business/economic-surge-feels-drag-state-underperforming/story?id=106997917