This week noticed the discharge of the Fed’s large annual analysis report, Financial Effectively-Being of U.S. Households in 2022. It’s chock filled with nice charts and analyses, masking every thing from Earnings, Employment, Bills, Banking and Credit score, Housing, Pupil Loans, Retirement and Investments, and General Monetary Effectively-Being.
Peter Coy fleshes out plenty of the small print right here: “Unemployment Is Low, However So Is the Nationwide Temper.” He notes:
“The Fed report is in line with different current surveys displaying a pessimism that’s considerably shocking, given the current discount within the (nonetheless excessive) inflation price, in addition to the continued power of the job market. (The unemployment price in April, 3.4 p.c, tied for the bottom since 1969.)”
It’s been a peeve of mine that partisanship has even contaminated the Michigan Sentiment surveys; the Fed survey reveals an identical (however lesser) influence.
I discover it an incredible alternative to train my affirmation bias; I noticed plenty of issues I nodded my head sure to but additionally discovered myself vehemently disagreeing with.
Chances are you’ll know the report for the annual media funfest over the query on Sudden Bills: “Might you cowl a $400 emergency expense utterly utilizing money?” (sure or no).
The media loves this concern — I discover it to be a good query however I dislike how the Press concurrently sensationalizes it, and but by no means appears to handle the underlying causes. Curious that medical bills are the largest driver of chapter in the USA however not in different rich Democracies.
However don’t get hung up on that, it’s a large assortment of sentiment surveys, and the Fed researchers do a pleasant dive sharing all the particulars in a dry however helpful vogue…
Is Partisanship Driving Shopper Sentiment? (August 9, 2022)
WFH vs RTO (February 16, 2023)
The Hassle with Shopper Sentiment (July 8, 2022)
Sentiment LOL (Might 17, 2022)
Financial Effectively-Being of U.S. Households in 2022
Federal Reserve, Might 2023
Unemployment Is Low, However So Is the Nationwide Temper
NYT, Might 24, 2023
The submit Foul Temper? appeared first on The Huge Image.
Leave a Reply