A funny thing happened with people’s thoughts about the economy following the 2016 presidential election in the United States. Supporters of Hillary Clinton prior to the election had strong feelings about the economy, while Republican supporters of Donald Trump thought the economy was terrible. In the days and weeks following the election, perceptions of the economy switched. Nothing economically speaking had really changed in the immediate days after we discovered that Donald Trump would become the 45th president of the United States, but suddenly those who voted Republican in 2016 had a positive outlook on the economy, while those who had voted for Clinton thought the country’s economy was in trouble.
Our opinion of a circumstance can shape the experience we have of many aspects of our lives. The economic outlook of people following the election in 2016 demonstrates this ability. We can experience a great economy based on whether our favored candidate wins an election, or we can experience an economic downturn if our candidate does not, even if actual economic trends don’t change. We don’t exist in an independent or objective place outside of the world around us. Instead we take in cues about how others are doing, about our identity relative to others, and about the position of groups like us and start to create the reality we experience. Whether we want to or not, we measure our social standing against other people that we see or interact with on a daily basis and the stories we tell ourselves matter to how we feel about our place in the world and our future.
Being aware of this, however, can help us tone down negative impulses and thoughts that might be triggered by this type of social comparison. As Seneca wrote in Letters From a Stoic, “what does your condition matter, if it is bad in your own eyes?” If we constantly look around and see others who have more than us, who look better than us, and who in one way or another demonstrate a higher social status than us, then we will never be content with ourselves and our position. A solution is to step back and consider ourselves without defining ourselves as successful or as a failure relative to others. We can consider ourselves more fully, redefining what we need to be successful in our lives, and basing success on factors that don’t involve our relative social position to others. Through self-awareness and reflection, we can begin to focus more on what matters, on the things that actually make people valuable, and change how volatile our notion of good or bad can be.