Despite some election talking points, Northwest Indiana residents are seeing a “pretty good” economy, according to Micah Pollak, an associate professor of economics at Indiana University Northwest.
“Over the last year, pretty much every economic indicator you look at has been exceptional, and I think we really don’t appreciate fully how good our economy currently is,” Pollak told Lakeshore Public Media. “It’s arguably the best in many decades.”
Pollak says inflation is essentially under control, interest rates are stable and economic growth has been “incredibly strong.” “We have heard a lot about inflation, and as high as inflation has been, raises have risen faster than that,” Pollak said. “So the purchasing power of the average household in Northwest Indiana is now higher than it was pre-COVID.”…