The Financial Fear Driving The Election by Carl Richards, Behavior Gap
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I’m getting more questions about what this election will mean for people’s personal financial situations than I’ve received in any previous election that I can remember. Financial advisers almost twice my age tell me the same thing.
While I’m sure there are many reasons for these questions, I submit that the primary one is this: Our collective anxiety around money has never been higher. People are scared, and at the root of that fear is money (or the lack thereof).
In my travels during the last few years, from Rust Belt cities to thriving tech centers, I’ve conducted a straw poll consisting of a single question. I ask people to describe in one word how they feel about money. Almost universally, the word I hear is “scared.”
Full article New York Times on June 20, 2016.