‘No social life, no plans, no savings’: Americans aren’t reaping benefits of booming US economy

Experts say the US economy is the ‘envy of the world’, but Americans are not feeling it. Illustration: Marcus Peabody/Guardian Design

Experts seem to agree the US economy has been on the upswing in 2024. A wave of new jobs, robust consumer spending, lower interest rates, falling inflation, impressive levels of business investment and record Wall Street highs have made the US economy “the envy of the world”.

But many Americans appear to feel very little of that.