Although the stock market is booming and people are rating their personal financial situation as better than ever, most people believe that the economy at-large is doing badly and blame Biden for this. A similar "vibecession" (although not nearly to the same extent) occurred during the latter years of the Obama administration, when the economy greatly improved but the vibes did not. However, when Trump was POTUS, people widely believed it was the best economy ever despite the economy merely maintaining its growth rate during the latter Obama years. Is it because Trump is a Republican? Is it because people subconsciously perceive the right as good at more "masculine" issues such as the economy and defense, while the left is good at more "feminine" issues such as education and the environment?
Eh, the stock market has only been "booming" since about the beginning of November. S&P 500 was almost a straight line down throughout most of 2022, and then had slow gains occurring from Oct 2022-Nov-2023. I mean, the S&P has gained as much from Nov 2023-now as it did in the approximately 13 months from Oct 2022-Nov 2023.
Also not sure about people rating their personal financial situation better than ever. Searched around. Found a few polls that said this, but also found 2-3x as many that said the opposite. We're likely looking at a very mixed bag there.
