Anxiety and uncertainty are weighing on individuals even where the overall economy is growing.
Some of this angst is the fallout from advances in information technology. … Along with this enormous problem is the psychic cost of growing income inequality. Poor people, who see themselves slipping further and further behind, are hurting, of course. What’s less obvious is that yawning inequality also seems to be preoccupying the rich. …
Such fears are not measured by the usual consumer confidence indexes. CONT.
Robert J. Shiller (Yale), New York Times