Fostering Financial Literacy with Kyla Scanlon
Masters in Business
00:00
Affordability Shapes Sentiment
Current sentiment is significantly influenced by structural affordability issues, such as high inflation and rising costs in housing, elder care, and child care. Despite a decrease in inflation rates, prices remain high, leading to widespread frustration among individuals. This sentiment is compounded by negative media coverage, resulting in a collective 'vibe session' that doesn't align with traditional economic indicators like GDP. The perception of being unable to afford essential services contributes to a heightened sense of anxiety, reflecting deeper societal challenges related to economic resilience.
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