Gen Z’s favorite economic commentator Kyla Scanlon says that we are not one who invented ‘Vibecession’

• People do not feel good about the economy, And the underlying data, according to 27 -year -old Kyla Scanlon, shows symptoms of stress, so he believes we’re not in any other vibration. However, it can be more complex than the moment of “being or not”.

Vibeecess may or may not be able to return depending on who you are talking to. But he says he’s not the woman who invented the term. Gen Z’s favorite economic commentator Kyla Scanlon, this time there is no disconnection between emotions and data Luck.

“The sense of consumer is terrible,” he said. “People don’t feel good because the underlying economic data show signs of coercion.”

Scanlon first used “Vibecession in a 2022 sub -package, but in the press, he performed tours at the outlets. . New York Times– BloombergAnd Luck. Tiktok has more than 750,000 followers on Instagram, X and Youtube and “in this economy?” He wrote a book called. Scanlon has gained a look recently Barron The 100 most influential women in the finance list are also.

Scanlon pointed out what he calls the weakening labor market and ongoing inflation. Labor market is a stop Because there is not much recruitment or ignition. But in February unemployment rate It rose slightly. Therefore, the labor market is considered stable, but as an economist said recently, there are some “stormy clouds” above. In addition, the labor market softening. In the case of inflation, consumer prices were cooled more than expected after they arrived in February. before. Inflation became stubborn and did not fall to the 2% target of the central bank, and some economists see the potential to be warmer behind tariffs and trade wars.

Scanlon also talked about calls for stagnation, discussing the connection between emotions and data – and this is true: the financial world has a chance to get more stagnation due to tariffs, trade wars and uncertainty. Goldman Sachs, JPMorgan and Moody’s chief economist project is a high risk of stagnation for the year. However, these are estimates, and each is still more likely to emerge from a stagnation.

Still, Scanlon said: “What people feel is not just vibration… There are real data to support a regression.”

America entered a vibration under Biden-Harris, and when it was time to vote, the administration could not convince people that the economy was good, even if it is on paper. Scanlon does not see the current situation as a repetition. “Emotion is being guaranteed,” said Scanlon, because he believes that data shows a potential slowdown.

Since fixed data is still intact and data delay, the data may be that the data begins to be compatible with sensitivity. However, there is no question: Consumers do not feel good.

Survey data from the University of Michigan clarified The consumer sensation fell by 11% in March, because some Americans of all ages, who have become more concerned about economy. They were worried about their personal financial situations, business conditions and stock market. Duygu fell by 22% one month after the election of President Donald Trump since December 2024. To be mentioned, inflation expectations have spread to the highest reading since November 2022. The professional services company O recently described this tension as a “preventive inflation anxiety” while elaborating cloudy consumer appearance.

Federal Reserve President Jerome Powell, after the last Fed meeting left by 4.25% to 4.5%, mentioned Fixed data are intact despite the delayed progress in domestication of inflation that may be associated with some moderations and explanations in growth and expenditures. He agreed, not soft data. Powell said that despite my tendency, the economy looks healthy.

LPL Finance President Jeffrey Roach Recently wrote The fall of trust for consumers and businesses should not be ignored even if there is no stagnation.

“A change in emotions about the economic ground is usually a harbinger of future things and a gear shrinkage in consumer expenditures and business investments,” he said.

This story initially took part in Fortune.com