Despite a strong economy and tight labor market in the US, a significant portion of the population is feeling pessimistic about their future. This disconnect between positive economic data and negative consumer sentiment has caused concern as we approach the presidential election season. Meanwhile, on the other side of the world, China is facing its own economic challenges, including a decline in the property market, high youth unemployment, and low consumer confidence in future income. These issues have persisted even beyond the months of Covid lockdown, indicating deeper structural problems within China’s economy. Both countries are grappling with complex economic realities that are causing significant dissatisfaction among their populations. It will be crucial for leaders to address these concerns and work towards solutions that benefit all aspects of society.
