
The economic surge feels like a drag? Your state may be underperforming
ABC News
Consumer sentiment stands well below pre-pandemic levels.
The U.S. economy shattered expectations in recent weeks, extending a run of overachievement that has quieted some of the most skeptical economists.
Americans, however, remain sour. Less than 3 in 10 adults rate current economic conditions as "excellent" or "good," a Pew survey last month found.
The dynamic holds significant implications for a potential general election rematch between President Joe Biden and former President Donald Trump. The economy is the top issue for voters, an ABC News/Ipsos poll in November found.
The disconnect between triumphant economic performance and glum sentiment traces in part to elevated prices at the grocery store or in the housing market, as well as a partisan reluctance among some to acknowledge success under Biden, experts told ABC News.
But, they added, the enthusiasm gap may also owe to the divergent economic performance between states, and even between localities within those states. This uneven reality betrays the rosy nationwide picture, especially when it comes to the challenge posed by high expenses, experts said.
