Majority of Americans Believe U.S. Economy is in Recession Despite Positive Indicators

Surveys reveal a disconnect between official economic data and public sentiment, largely driven by inflation and rising living costs.

Three in five Americans think the U.S. is in a recession, with many citing March 2023 as the starting point.
Inflation and high living costs are the primary reasons for the negative sentiment, affecting financial confidence.
Most consumers report cutting back on spending and struggling with credit card debt.
Despite Wall Street's optimism, many Americans feel financially strained and are seeking better budgeting options.
Flexible payment methods like 'buy now, pay later' are gaining popularity as people look for ways to manage their finances.