Data: Federal Reserve Survey of Household Economics and Decisionmaking; Chart: Axios Visuals
There's a great divide in the U.S., and it's not partisan. It's the big gap between how people see their finances (pretty good) and their view of the overall economy (terrible), and it's persisted for years since the pandemic.
Why it matters: The schism certainly has political implications — it's hard to get re-elected if voters think the economy is a junkyard — and it points to troubling conclusions about Americans' awareness of economic reality.
