Julia Carpenter
speaker
3,850 appearances
71 recordings
1 series
first heard Oct 2019
last heard Sep 2024
Julia Carpenter’s voice in public audio — every appearance, attributed to the second.
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It is affecting people who are struggling to see the smaller picture within themselves.
the bigger picture.
A lot of people have unfavorable views of both political parties.
And there's this feeling that there's no point in saving, no point investing, no point in developing these healthy financial habits because you have this pessimistic view.
It's something economists have long debated.
Every election cycle, people get very worried that consumer spending will be decreasing, and then other people are worried it will be increasing.
And so every year we're sort of reassessing whether or not this is true and what it means for what's happening in the economy right now.
But I informally polled my friends, other young people, peers, and
And it seems that when everyone is fatigued by the headlines, the nonstop news, they just decide to bury their heads in the sand and seek comfort in purchases.
So we know that there is this effect called the what the hell effect.
It's when you feel very overwhelmed by things.
You throw your budget out the window, literally throw your hands up in the air and say, what the hell?
We see it when people feel overwhelmed by life or work or anything else besieging them.
And that's where we see this temptation of treating yourself creeping in.
When I was speaking with advisors, they said that it is affecting people who are struggling to see the smaller picture within the bigger picture.
We already know that young Americans take this particularly grim view of US politics.
A lot of data from Pew Research Center shows that a lot of people have unfavorable views of both political parties.
and that they're feeling pessimistic about the direction of the country.
And there's this phenomenon that researchers have called financial nihilism.
That's that feeling that there's no point in saving, no point in investing, no point in developing these healthy financial habits because you have this pessimistic view.
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