Inverse animal spirits?
More than a quarter of Americans are “doom spending” in order to manage their worries about the macroeconomy and foreign affairs
Some of the top concerns among respondents included inflation, cost-of-living increases, unaffordable housing, and not having enough money for small luxuries, or even basic necessities.
Concerns about the economy might be spurring actions that will empower the economy.
But also, confusing.
This was always my contention with economics assuming people are rational actors.