The U.S. Economy Is Doing Great. So, Why Do We All Feel Broke?

Despite record-high aggregate wealth and a strong U.S. economy, Americans expressed a sense of financial discontent in recent surveys. Despite improvements in income, financial assets, net worth and overall financial stability, post-pandemic sentiments revealed increased dissatisfaction, as per an October Federal Reserve report. Notably, regardless of the overall improvement in financial indicators, recent polls reflect a growing pessimism about personal finances. Recent surveys have revealed disparities among broad measures of household financial health. The Federal Reserve’s triennial survey, conducted before and during the…