A Confidence Recession? Why Americans Aren’t Cheerful About the Growing U.S. Economy

Consumer confidence is lower than it has been 93% of the time since 1978, even though the economy grew at the fastest pace in years during the third quarter. What’s happening?

There are three big reasons that the U.S. is in an economic expansion, but a confidence recession — falling real wages, declining affordability and an imbalance between Americans' savings and their debt. I'll explain.

0:00 Confidence recession
0:36 Falling real wages
1:11 Declining affordability
2:09 Savings and debt imbalance

I’m Dion Rabouin, a WSJ reporter covering markets and the economy. I’ll be diving into all things finance, from the popular and well-known — like crypto and stocks — to the complex and intricate — like leveraged loans, derivatives and private equity. Subscribe to join me as I take a deep dive into what’s making money move and why it matters.

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