i think people are genuinely immiserated by the contemporary economy, despite by certain measures their being “richer than ever”. 1/

i agree there are interesting puzzles with respect to timing, a sudden break of sentiment data from prior relationships, but to me it was an avalanche waiting to happen, whichever last snowflake triggered it. 2/

others have very different views, do not think the contemporary economy is immiserating in comparison to prior periods, so have more puzzles to unwind, not just the timing but the fact of apparent discontent when, by their understanding, people ought to be reasonably content. /fin

(to respond more directly to your question, i think some of the data used to claim the -cession is all vibes is a kind of polling bias, i think there’s a genuine welfare recession in ways that some common data sources, including various surveys, are ill prepared to capture!)