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The Societal Impact of Economic Anxiety
2021
Journal of Data Science
Loss of household income and purchasing power are shown to have broad and negative societal effects. The economic anxiety accompanying this loss has its strongest impact on consumer demand, which is the major factor in a nation's gross domestic product (GDP). Negative effects of economic anxiety are also found on the propensity to vote, political trust, societal satisfaction, and the quality of life. These effects were verified in a crossnational sample from the fifth round of the European
doi:10.6339/jds.201210_10(4).0007
fatcat:4n4qciqrvnf3va5bewetbm6ize