Does The Market Care About Your Feelings?
Since the 1970s, economists have measured how consumers are feeling about the financial environment, by asking five questions. How would you answer these today if they were asked of you?:
- “Would you say that you (and your family living there) are better off or worse off financially than you were a year ago?
- Now looking ahead–do you think that a year from now you (and your family living there) will be better off financially, or worse off, or just about the same as now?