59% of Americans wrongly think the U.S. is in a recession, report finds
Published Mon, Aug 12 20248:54 AM EDTUpdated Tue, Aug 13 202412:22 PM EDT
The U.S. economy has remained remarkably strong even amid persistent inflation and high interest rates.
And yet, 59% of Americans falsely believe that the U.S. is currently in a recession, according to a recent survey of 2,000 adults by Affirm in June.
Citing higher costs and difficulty making ends meet, most respondents said they think a recession started roughly 15 months ago, in March 2023, and could last until July 2025, Affirm found.LEARN MORE…
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