Other Voices: While the economy is growing, purchasing power is not
The economy is strong by conventional measures, but most voters don’t feel it. Gross domestic product grew 3.4 percent in the third quarter, the fastest pace in a year. Consumer spending increased 3.8 percent, and nonresidential business investment surged 12.7 percent, propelled by artificial intelligence and the data center build-out. At the same time, the final Post-ABC News-Ipsos poll before the midterms found that 75 percent of Americans describe the economy as poor or not so good. Forty-eight percent say they’re financially not as well off since President Donald Trump took ...