Personal Economic Definition

Improved Essays
Since the “Great Recession” more scholars have started to examine how economic insecurity and financial worry impact policy preferences. Yotam Margalit researched how policy preference changed as a result of personal economic circumstances. Margalit concluded that personal economic circumstance can change one’s opinion on welfare spending. For example, the study discovered that a “worsening personal economic standing has had a large impact on the attitudes of voters on the right and center, but a much weaker effect on voters on the left”(Maralit 2013). This demonstrated that personal economic circumstances can influence policy preferences, thus it is possible that financial anxiety impacts attitudes toward income inequality.
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