Inflation has slowed and consumer purchasing power is up—but sticker shock hasn’t dulled at all.
After inheriting a tricky, post-peak-pandemic economy, the Biden administration pulled off the double-feat of stalling inflation while also keeping unemployment low. Wages have risen, and so has purchasing power. But if you ask voters, they’ll tell you the economy is terrible.
Does Biden have a messaging problem or is an economy where the price of everything still seems too high simply impossible to run on? Want more What Next? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and across all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now atThe problem with the news right now? It’s everywhere. And each day, it can feel like we’re all just mindlessly scrolling. It’s why we created What Next. This short daily show is here to help you make sense of things.
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