US economy: Don't be optimistic
Across much of Europe there is skepticism and panic about the economy ever turning around, however in the United States people seem to be optimistic. Why is there such pessimism in Europe but not the US? Are Americans out of touch with reality? Economist Max Fraad Wolff from The New School says Americans have a weak safety net when it comes to employment, if you lose your job there are no federal benefits that are available in Europe.
Across much of Europe there is skepticism and panic about the economy ever turning around, however in the United States people seem to be optimistic. Why is there such pessimism in Europe but not the US? Are Americans out of touch with reality? Economist Max Fraad Wolff from The New School says Americans have a weak safety net when it comes to employment, if you lose your job there are no federal benefits that are available in Europe.
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