Financial misinformation isn’t new, but today, it’s supercharged. The 24/7 news cycle fueled by social media virality means you’re more likely than ever to consume inaccurate or misleading information every day. Sometimes these narratives, no matter how false, seep into our collective consciousness and give a false impression of our finances and the economy. This is the basis of a “vibecession,” that is, a disconnect between the actual performance of the economy and our overly negative perception of it.
Take, for example, a chart that made the social media rounds recently. It peddled the message that ChatGPT’s launch is directly responsible for a decline in job openings.
Yes, it looks bad, but the reality is much more nuanced — lots of things happened around the time of ChatGPT’s launch that could have contributed to a decline in job openings. The viral…
