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Fostering Financial Literacy with Kyla Scanlon
Masters in Business
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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