“By day, our economy looks respectable. GDP grew at a 3.4% annual rate last quarter, unemployment is around 4%, and the stock market keeps setting records… By night, hiring rates are the lowest in decades, savings rates are falling, and consumer sentiment is in the cellar.”

Newsletter (Platypus Economics) · Wolfers: U.S. economy splits into Jekyll-and-Hyde tale of growth and pain

“Stacey's point is that this split may feel worse than everyone struggling together. Those who aren't doing great know other people are, and they feel left behind and angry.”

Newsletter (Platypus Economics) · Wolfers: U.S. economy splits into Jekyll-and-Hyde tale of growth and pain

“Since April, average prices have been rising faster than average wages.”

Newsletter (Platypus Economics) · Wolfers: U.S. economy splits into Jekyll-and-Hyde tale of growth and pain

“The trajectory of the average of the economy isn't the average trajectory of your life.”

Newsletter (Platypus Economics) · Wolfers: U.S. economy splits into Jekyll-and-Hyde tale of growth and pain

“This year, it looks like the economy is going to be a big part of Tuesday night.”

Newsletter (Platypus Economics) · Wolfers: U.S. economy splits into Jekyll-and-Hyde tale of growth and pain