Where's the prosperity? Middle class Americans aren't feeling it.
America’s middle class is spooked about the economy.
Consumer confidence has been falling for most of the past year. On a closely watched University of Michigan index, consumer sentiment sagged to 55.4 in September, down from 70.1 a year ago.
Economic anxiety runs "particularly strong among lower- and middle-income consumers," said Joanne Hsu, director of the Michigan surveys.
Another index of consumer sentiment, measured daily by Morning Consult, shows that middle-class consumer confidence fell off a cliff this summer.
Higher-income Americans (earning more than $100,000 a year) have held relatively positive views on the economy all year, the Morning Consult survey shows. Lower-income consumers (earning under $50,000) have consistently held more negative views.
https://finance.yahoo.com/news/wheres-prosperity-middle-class-americans-090155469.html
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