Jeffrey Sparshott

U.S. economy reporter at Bloomberg News, covering economic conditions and policy. Previously reported for The Wall Street Journal and worked at the Federal Reserve Bank of San Francisco.

Strong Growth Hasn’t Made Everyday Costs Feel Manageable

Bloomberg’s report argues that the gap between strong US economic data and widespread financial pessimism reflects affordability, not a lack of growth: inflation has slowed, but prices remain far above pre-pandemic levels. Reporters Reade Pickert, Julia Fanzeres and Jeffrey Sparshott describe how fuel costs, housing and uneven job prospects leave many households under pressure, even as consumer spending and AI investment support the broader economy. Strong spending, they note, does not necessarily mean people feel financially secure.

Bloomberg OriginalsOct 30, 20265 min read