|Analyzing the Disconnect: Declining Disposable Income Raises Concerns about Biden’s Economic Perception|
|CNN Senior Political Data Reporter Harry Enten discussed on CNN’s “OutFront” how inflation and population-adjusted disposable personal income have declined in the past quarter and since the first year of the Biden administration.|
Enten noted a disconnect between what President Biden thinks is happening in the economy and what is actually happening.
He mentioned that disposable income has decreased this quarter compared to last quarter and is considerably lower than during the first year of the Biden administration.
Enten also highlighted the rising costs of living, including rents and mortgage rates, which have negatively impacted Americans’ perception of the economy.
Overall, people are not feeling the positive effects of the improving economy on paper.