![Sheldon H. Jacobson: If inflation is down, why are so many people unhappy? Sheldon H. Jacobson: If inflation is down, why are so many people unhappy?](/var/ezflow_site/storage/images/iol-home/news-room/media-coverage/all-categories/o.r.-and-analytics-in-the-news/sheldon-h.-jacobson-if-inflation-is-down-why-are-so-many-people-unhappy/4661672-1-eng-US/Sheldon-H.-Jacobson-If-inflation-is-down-why-are-so-many-people-unhappy_newslargethumb.jpg)
Sheldon H. Jacobson: If inflation is down, why are so many people unhappy?
The Federal Reserve reports inflation is down, though it continues to remain above its 2% target level. The most recent report showed inflation was hovering around 3.5% (year-to-year), from a high of 9.1% in June 2022. Yet many people do not feel good about their financial situation, with inflation one factor driving such sentiments.