Here, ‘Everything Is Terrible, but I’m Fine’, The Atlantic asks, Why Americans think the Economy is so terrible when they see their own financial well-being as pretty good?
My take.
- Most American's personal well being is ok at least in the short term. We are notoriously bad at seeing long term issues.
- We all see some decay around us so assume our local economy is not great.
- We view the national economy by the images piped in from our media which are mostly doom and gloom.
The same applies to how we view crime. We think out own neighborhoods are basically safe but think the rest of the country is going to hell.
Maybe the COVID lockdowns made us crazy because it forced us to stay inside and consume media 24/7?
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