How Household Finances Are Souring Despite GDP Growth

GDP is growing at 1.6 percent annualised, the unemployment rate is 4.3 percent, and payrolls keep rising. So why did the New York Fed's latest survey show household financial worries hitting their highest level since July 2022? Lucas and Luna dig into the disconnect between top-line macro data and what families are actually feeling. They look at the gap between nominal GDP growth and real wage gains, the surge in long-term unemployment that official jobless numbers miss, and why the ten-year breakeven inflation rate falling to 2.35 percent might signal that consumers are more pessimistic than the headline CPI suggests. If you have felt the economy is fine on paper but tight in your wallet, this episode explains why the numbers and the vibes have split. #NewYorkFed #HouseholdFinances #GDPGrowth #Inflation #ConsumerSentiment #LaborMarket #LongTermUnemployment #RealWages #BreakevenInflation #EconomicDisconnect #MacroData #FederalReserve #CPI #Podcast #Economics #Business #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo