Why do people think that the economy is doing worse than it is?


Anonymous Anonymous said...

While I have not doubt that media bias is a player, I think one must also look at distribution of income and wealth to understand this preception. Looking at the distribution of wealth of the bottom 50% with give an entirely different picture from looking at the overall economy.

10/26/2007 1:09 PM  
Blogger John Lott said...

Well, I don't think will explain it because incomes across the income distribution have been going up in recent years, not just keeping constant at the bottom part of the distribution.

10/26/2007 2:35 PM  

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