Your Finances in the Age of Pessimism

How to manage your money amid seemingly endless bad news.


It's also important to keep the proper perspective. Things have been bad over the course of the last 10 years, but the United States is better-positioned to recover once this prolonged uncertainty passes.

"We're very entrepreneurial in the United States, and are better-positioned than much of the rest of the world for recovery," she says. "Culturally, we have things going for us."

Kirchenbauer says it's important not to focus on the seemingly endless supply of bad news. "The bad news always gets more attention than the good. Stepping back and looking at the trend, it hasn't been straight-up growth and improvement, but it's better than a lot of other places," she says. "The thing that impacts you the most is how much you're going to spend. This is a thing that is directly under your control."