Economists can’t explain American misery. Luckily, I can.

Source: Sex and the State
by Cathy Reisenwitz

“In Asia Times, Noah Smith just wrote that standard economic measures can’t really explain why Americans are growing less happy with their lives over time. The problem is that what makes for a happy, meaningful life is much harder to measure than GDP or median income. I agree that standard economic measures alone won’t do the trick. But it’s not because it’s so hard to measure what predicts a happy, meaningful life. That’s actually pretty easy. Connecting economic realities to those measures is also fairly straightforward. What Smith is missing is that relationships predict happiness. And, increasingly, economic conditions predict relationships.” (08/27/26)

https://cathyreisenwitz.substack.com/p/bottom-half-families-explain-americas