New preprint posted on PsyArXiv about the relationship between financial fragility and people’s beliefs about their personal risk and national spread of COVID-19:
We show that financial fragility influences people’s beliefs about both their personal risk of infection and the national spread of the virus. The strength of this effect equals or eclipses the influence of partisanship on beliefs and is much larger than that of local disease severity. Beliefs about personal risk (driven in part by financial fragility) also lead to increased willingness to pay for crisis related items (e.g. food, cleaning supplies). These results suggest the economic crisis created by COVID-19 is spilling over into people’s beliefs about the health crisis and their behaviors.