The Economy Is Booming. Why Does It Feel Like a Bust?

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• 00:05

  The US is living through an unusual economic situation right now, a kind of split-screen reality.

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  I think for the average person, the economy feels weaker than it actually is.

• 00:21

  The country is now in the throes of the highest inflation it's seen in three years.

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  And people are feeling it.

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  Last month, polling from the University of Michigan showed consumer

• 00:32

  sentiment is at its lowest point in more than 70 years.

• 00:36

  So I think we all just feel that prices have risen a lot, you know.

• 00:40

  Our colleague Harriet Tory covers the economy,

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  and she's experienced for herself what she's been reporting on, like when she's at the gas station.

• 00:49

  It definitely cost me a lot more to fill up my Subaru than it did a few months ago.

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  Or at a local shop, buying a $7 candy bar.

• 00:59

  Hi, can I get a bar of the Dewbar chocolate, please?

• 01:03

  Okay, thanks a lot.

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  Or when she was at the supermarket the other day, picking up dinner.

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  Hi, could we get a large pepperoni pizza, please?

• 01:12

  Yeah, pepperoni and something.

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  At the grocery store, I personally just find myself looking for deals a lot more and I managed

• 01:22

  to spend $100 even though I only left the store with a pretty small bag of groceries.

• 01:27

  Ouch, how did that feel?

• 01:30

  Yeah, I mean, it's pretty depressing.

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