News To Know: It's All In Your Head

The debate goes on and on. Are we in a recession or aren't we? Well maybe we aren't in the text book definition of an economic recession, but it sure feels like we are doesn't it? It turns out that the economy is actually projected to have better than expected growth this year, and the highest growth of any of the G7 countries. So why does it still feel like we are doing so badly? Some experts believe that the problem is in our heads. A fear for job security and worries over the future can create a troubling sense of insecurity. This in turn can lead consumers to believe that things are worse off than they really are. Although we might not be doing as poorly as we think we are, it's little compensation to the thousands of people who have lost jobs or their savings.