Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Aïda Amer/Axios

Americans' native optimism is hard to squelch. Even after more than a year of a brutal pandemic — with all its attendant ravages on health, employment, and life at home — we overall retain a positive economic sentiment, according to a major new survey from McKinsey and Ipsos, provided first to Axios.

Yes, but: Economic optimism isn't evenly distributed. Men are broadly optimistic, women aren't. Parents see a brighter future than the childless. And naturally the rich have a sunnier outlook than the poor.

  • By far the biggest obstacle between Americans and economic optimism is their lack of access to health care and health insurance.

The big picture: Overall, Americans are modestly optimistic about their economic futures, according to McKinsey's index — not dancing in the streets, but more positive than negative.

Underneath that mostly positive top line, however. many Americans have some deep reservations.

  • Women bore the brunt of the extra childcare burden during the pandemic, and also the brunt of the job losses. Both of those have significantly harmed their economic prospects.
  • Among moms who have stopped looking for work during the pandemic, 14% said they did so in order to look after their family. For dads, the equivalent number is a mere 3%.
  • Just 43% of moms see childcare as affordable, compared to 64% of dads.

By the numbers: Americans in general, and American women in particular, still see real hardship. Only 26% of women think the pay that most people receive allows for a good quality of life, for instance.

  • 62% of workers in the gig economy would prefer to have permanent employment.
  • 41% of Hispanic respondents agreed with the statement that “I have had to cut back spending on food or delay medical care over the past 12 months for financial reasons.” For white Americans, the equivalent number is 27%.

What they're saying: "Rural Americans are at risk of being left behind," notes the report. They are much less willing than their urban counterparts to relocate or to switch industries, and most have no plans to pursue future training or new credentials.

  • McKinsey partner André Dua tells Axios that "the changing geography of work" — as we go increasingly hybrid or remote — could "create the opportunity to link rural Americans to opportunity."

The bottom line: The pandemic decimated jobs for women and people of color, while creating massive gains for urban homeowners and the rich. There's still opportunity in America, but the coronavirus has definitely exacerbated inequality.

Go deeper

51 mins ago - World

Biden: U.S. combat mission in Iraq will end this year

Biden returning to the White House on July 25. Photo: Samuel Corum/Getty Images

The United States' combat mission against the Islamic State in Iraq will be completed "by the end of the year," President Biden said Monday prior to a meeting with Iraqi Prime Minister Mustafa al-Kadhimi.

Why it matters: Biden is close to shifting the U.S. military mission in Iraq to a fully advisory role more than 18 years after combat troops were sent to the country under the former President George W. Bush.

How extreme weather feeds inflation

Illustration: Annelise Capossela/Axios

This summer's extreme weather is having ripple effects that could raise food prices in the U.S. and disrupt diets around the world.

Why it matters: Climate scientists and food supply experts, like those at the Food and Agriculture Organization (FAO) in Rome, have long warned about the impact of human-caused global warming on prices, food shortages and hunger.

EA Sports is in expansion mode

EA Sports general manager Daryl Holt (left). Photo illustration: Annelise Capossela/Axios. Photos: EA Sports

The biggest player in sports video games has plans to get even bigger — on mobile, in football, maybe even with basketball again — EA Sports general manager Daryl Holt said in an exclusive interview with Axios.

Why it matters: Sports gaming doesn’t get much press, but it’s a surging market with increased competition and lots of players up for grabs.