Public sentiment shows signs of post-traumatic stress disorder

A recent article by Jeffrey Tucker raises concerns about the mental and economic state of people in the U.S. after the COVID-19 lockdowns, suggesting that many may be experiencing a form of post-traumatic stress disorder (PTSD). Tucker notes that understanding the current economic situation has become very difficult. Major financial indexes have fallen, leading to a more negative public sentiment despite some positive signs, like decreasing inflation and an improving job market. He questions why consumer confidence is low when the economic indicators seem to show recovery. The author points out that lockdowns created significant trauma, similar to the effects of wartime experiences. He suggests that the public’s current feelings may come from unresolved trauma, as they struggle with the impacts of the past few years, including declining income and increasing bills. Tucker also critiques the University of Michigan’s Consumer Sentiment Index, which has shown a sharp drop in confidence. He argues that this may be linked to the institute's reliance on federal funding and raises questions about the quality and direction of the data they provide. The article concludes by reflecting on the collective experience of the past years, highlighting a lack of acknowledgment or discussion about the trauma caused by the lockdowns. Conversations about these experiences are still very much needed, as many are coming to terms with the changes in their lives and the economy.