That's quite a shallow view:

Unemployment has increased.

Number of gig workers is at an all time high.

Layoffs have continued.

Polls show most people have financial anxiety and feel squeezed.

Inflation is not under control.

Buy now pay later usage is up as much as consumer spending is.

Income and wealth inequality are near records high.

GDP and consumer spending were also seen peaking before the last 5 recessions as well...