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About this quote

What does it mean?
Reagan defines economic terms based on personal impact rather than objective statistics.
In plain terms
You only care about the economy when it affects you directly.
What can you take from it?
Political rhetoric often personalizes abstract economic conditions.

Where it applies

  • political speech
  • casual conversation
  • media commentary

Putting it to work

  • analyze political framing
  • discuss economic news

Questions to consider

  • How do you define economic hardship?
  • Does personal experience shape your view of the economy?

Another view

This view ignores broader societal impacts of economic shifts.

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