The results of the last election tell a much different story. If the economy was soaring for the average person then I don’t think control of the government would have changed or at least not as dramatically.
The St Louis fed has a plot of units of housing over the last 25 years. Since 2008 we're short about 15 million units of housing. Which is how everyone that works for a living is getting squeezed. Rents and mortgages have sucked up all the disposable income.
Views of how the economy is doing are also highly correlated with political party and where you get your news. I’m not sure where the casual relationship begins but it could be where you get your news determines how you think the economy is doing and where you get your news is from political voices you agree with
The economy can be soaring and the average person still struggling... Alot of the economy has been more and more centralized. Stocks and real estate might be at all time highs, but thats not liquid to the average joe.
