Yes, Americans are starting to feel better about the economy and inflation. Consumer sentiment, a measure of how Americans view the direction of the economy, rose for the fourth straight month in January 2021, signaling more optimism about economic conditions. The University of Michigan’s survey of consumer sentiment reported that Americans are feeling more confident about the direction of the economy driven by increased vaccinations and government stimulus checks. In addition, annual inflation rose only 1.4% in December 2020, which is significantly lower than the pre-pandemic level of nearly 2%. This suggests that inflationary pressures may be easing, improving buying power among consumers.
Americans are starting to feel better about the economy and inflation
