A new Gallup poll shows that 55% of Americans now believe their financial situation is getting worse, the highest level recorded since Gallup began tracking the data in 2001. Even during the 2008 financial crisis and the COVID lockdown collapse, Americans were not this pessimistic about their personal finances. That alone tells you the mainstream narrative claiming the economy is “booming” is completely disconnected from reality.

The most important detail is why people feel this way. Roughly 31% of Americans now cite the cost of living as their biggest financial problem, while concerns over energy prices surged 10 percentage points in a…

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