As the United States approaches the 2024 presidential election, several journalists and commentators have been puzzled by one question: “Why do Americans seem so unhappy with an economy that appears to be doing so well?” Polls are influenced by many factors, but recent results show how pessimistic many Americans feel about the economy. And yet, judged by traditional economic metrics like the GDP or the Dow Jones, the economy is doing well. How do we explain this paradox?