By Lael Brainard and Rohit Chopra
Source: The New York Times
Ms. Brainard leads the Kitchen Table Project. Mr. Chopra is the incoming secretary of California’s Business and Consumer Services Agency.
From a distance, the American economy might appear to be performing well. Growth is solid, unemployment remains near historic lows and stock markets have posted large gains over the last year.
But these numbers mask the reality that most Americans see. We dug into the data, conducted surveys and talked to people around the country. Our research shows that even relatively well-off families are struggling with high prices, despite the tax cuts and wage gains that the Trump administration touts.