Jun 28, 2021 - Economy

Republicans and Democrats see different recoveries

Consumer sentiment by political party
Data: University of Michigan; Chart: Connor Rothschild/Axios

Consumer sentiment is trending higher for Democrats, while tumbling for Republicans, according to survey data released Friday by the University of Michigan.

Why it matters: Economic conditions have trended higher nationally, but only half feel good about it.

What they’re saying: "It is yet another sign of the depth of political polarization that is, if anything, becoming more entrenched," ING economist James Knightley tells Axios.

  • "If a booming economy that is creating jobs and wealth can’t be recognized across the divide, then I’m not sure what else can. We are going to have to brace for a very long period of political strife."
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