With gas prices rising, food overpriced, people getting laid off as a result, schools shutting down, teachers, bus drivers, those who do watch over our young precious ones, losing their jobs from left to right, among others affected in different sectors, the trickle down effect causes a huge lifestyle change people need to adapt to- no income in their pockets, food to eat. I think it's more than just a self-fulfilling prophecy- not to say that fear/paranoia doesn't help. It's just that- that is the reality for some people.
In my family, out of 3 out of 5, who have families of 3+, all of their fathers lost jobs, and are struggling each and every day to find work. They somehow temporarily do, but they are barely scraping away.
Sociologically- there is a wide gap between the richest rich/poorest poor, and this economy just further defines it. I personally think for those who do have the power to manipulate/influence the economy, they do enjoy the fact that some people are suffering, because it gives them more power/control- when people have limited options.