Good Luck Convincing Anyone That the Economy Is Strong

The state of our union is strong. That’s true in economic terms at least, as President Joe Biden is sure to argue at his State of the Union address tonight. Unemployment is lower than at almost any other point in modern history, and the economy is growing at the fastest pace since 1984. Americans’ earnings have increased across the board, with growth particularly strong for the working class. The country’s poorest families have 65 percent more cash in their bank accounts than they did in 2019.

In the recent past, numbers like these tended to translate into lofty , soaring , and a. Not anymore. Biden is , and getting particularly poor marks on the economy. Consumer sentiment is at its in a decade.