Solving the Economic Paradox
posted by Jim Kupel
A recent New York Times headline read: "Economy still weak, but more feel secure." This is an apparent paradox to many. I'm not sure it is all that much of a paradox. There may be a simple answer to the question of why the economy is growing slowly and consumer confidence is increasing solidly.
Could it be that Americans have adjusted their expectations and are getting along with their lives without listening to the media doom & gloom or looking towards the government to solve all their problems? We're looking hard for better jobs, helping our kids with their school work, and learning to enjoy life despite substantial difficulties.
I'm sure there are larger economic changes we don't yet understand, e.g. baby boomers retiring. But there is something we do know: Americans know how to push ahead with a good attitude despite lots of difficulties.