No. of Recommendations: 3
Inflation peaked June 2022.
Gallup Economic Confidence Index (ECI) declined April 2021 to June 2022: 2 to -58
If ECI recovers 50% per year, ECI is:
-28 in June 2023
-13 in June 2024
-6 in June 2025
-2 in June 2025
ECI in June 2023 was actually -32. If ECI is significantly below -13 in June 2024, then maybe something else is affecting ECI: long-term effects of the 2020 pandemic, changes in government aid programs, concern about global warming, hidden inflation, social media, or something else.
Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it, December 11, 2023
"Pollsters and economists say there has never been as wide a gap between the underlying health of the economy and public perception."
https://apnews.com/article/biden-economy-jobs-infl...Digesting inflation, Dec 4, 2023
The impact of inflation on consumer sentiment decays at a rate of about 50 percent per year
https://www.briefingbook.info/p/digesting-inflatio...Gallup Economic Confidence Index
https://news.gallup.com/poll/1609/consumer-views-e...Record Rise in Poverty Highlights Importance of Child Tax Credit, September 12, 2023
"If Congress had continued the American Rescue Plan’s Child Tax Credit increase in 2022, about 3 million additional children would have been kept out of poverty"
https://www.cbpp.org/press/statements/record-rise-... 