The Economy Is Good. So Why Do We Feel Terrible About It?

The Daily

The New York Times

Daily News, News

4.4 • 102.8K Ratings

🗓️ 18 November 2021

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

The U.S. economy is doing better than many had anticipated. Some 80 percent of jobs lost during the pandemic have been regained, and people are making, and spending, more. But Americans seem to feel terrible about the financial outlook. Why the gap between reality and perception? Guest: Ben Casselman, a reporter covering economics and business for The New York Times.

Transcript

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0:00.0	From New York Times, I'm Michael Bavaro. This is Daily.
0:07.0	Today, polling shows that Americans think the economy is bad.
0:17.0	Economic data says they're wrong.
0:21.0	My colleague Ben Castleman, on the gap between the reality and the perception of the American economy.
0:33.0	It's Thursday, November 18th.
0:39.0	Ben.
0:40.0	Michael, in the flesh.
0:42.0	I think we can check out our program.
0:44.0	How we do this now?
0:48.0	So good to see you in person.
0:52.0	So good to see you in person.
0:55.0	You're hair.
0:56.0	Yeah, this has been a pandemic experience.
0:58.0	A pandemic ponytail.
0:59.0	You know, my wife actually likes it.
1:01.0	Yeah.
1:02.0	You put the word actually in front of it.
1:03.0	So that suggests that she may be a minority.
1:06.0	So Ben, I think we should explain that this is a rather momentous occasion.
1:12.0	This is the first time since March of 2020 that a guest in the host of the Daily
1:23.0	have sat in studio for an interview for this show.
1:27.0	It's been almost two years.
	...

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