The Economy is Messy- With Dr. Cecilia Cuellar
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The Economy is Messy- With Dr. Cecilia Cuellar
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The Economy Is Messy. That’s the Point.
Consumer sentiment just hit its lowest level since the 1950s — yet Americans are still spending. Inflation is picking up, and your grocery bill is getting out of hand. Economists even have a name for what’s happening: doom spending — spending freely because the future feels too uncertain to save for.
This week on The Weekly Rap, Dr. A and Jack sit down with Dr. Cecilia Cuellar, research analyst at the Hibbs Institute at UT Tyler, to decode the gap between what the data says and what people actually feel.
Three things worth your time:
Why uncertainty hasn’t changed — but the weight we give it has
What doom spending reveals about how people really process economic fear
The BRIC method: a karate-trained economist’s framework for navigating high-stakes uncertainty