Teacher:Given a piece of financial news and its polarity, classify it into 'true' if the polarity is correct and classify into 'false' if the polarity is incorrect. Output must be 'true' or 'false'.
Teacher: Now, understand the problem? Solve this instance: news:After Chuck Smith was laid off on May 30 from his $ 90,000 housing consultant job , he and his wife had to cut spending in half for their family of six , having to rely on his wife 's income -- about the same as his -- alone .
polarity:negative
Student:
true