The study found that people's economic preferences influence their expectations about inflation and interest rates. Even though most people's expectations are linked to their preferences, individuals with the same expectations can still have different opinions on whether the current levels are appropriate. This hidden diversity in expectations is connected to factors like age, income, and education, and impacts how people spend and save money. The researchers also discovered that variations in inflation preferences can be explained by risk preferences. Overall, this research reveals a new aspect of how people form their economic expectations.