Bad vibes about the economy can be protective, but there’s a downside
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Link between personal financial strain and powerlessness depends on people’ perceptions of economy
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The debate about perceptions of the economy has reached a fever pitch lately.
Some argue that perceptions don’t align with reality, that pessimism about the economy is disconnected from objective conditions. United States Treasury Secretary Janet Yellen labelled these negative sentiments “unwarranted.” Likewise, Claudia Sahm, a former U.S. Federal Reserve economist, described “a toxic brew of bad events” that has fuelled “amped-up pessimism.”
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Special to Financial Post
2024-02-18 09:00:58
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