Sentiment Adds to Evidence of K-shaped Story of U.S. Economy
U.S. Consumer confidence readings paint a much weaker picture than is suggested by spending data. This likely reflects the bifurcation story. Spending is being driven by a relatively small cohort of high-income households. On the other hand, middle and lower-income households are feeling more financial pressure and are more nervous about what the future holds.
Trending Videos
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)