While a recession hasn't technically been declared in the U.S., roughly 3 out of 5 Americans believe the U.S. is experiencing one, according to a survey by Affirm. An analysis by Bankrate found that consumer confidence in the economy has averaged nearly 28 percentage points lower during President Joe Biden's term compared to former President Donald Trump's time in office. So why does the U.S. economy feel so recession-like for the average consumer despite all the positive data?
While a recession hasn't technically been declared in the U.S., roughly 3 out of 5 Americans believe the U.
S. is experiencing one, according to a survey by Affirm. An analysis by Bankrate found that consumer confidence in the economy has averaged nearly 28 percentage points lower during President Joe Biden's term compared to former President Donald Trump's time in office.
So why does the U.S. economy feel so recession-like for the average consumer despite all the positive data?.