The wealthy are starting to feel/see the effects of the unrecovery…a new development. The two-tiered economic conditions of the past two years were clearly unsustainable, now we may all be in one boat again. Not sure if that’s a positive or a negative in terms of hitting rock-bottom and getting going in the right direction.
PRINCETON, NJ — Upper-income Americans’ economic confidence was badly shaken in August, with 80% saying the economy is “getting worse,” up from 66% in July. This is the first month since the financial crisis of late 2008 and early 2009 that upper-income Americans are more pessimistic about the future direction of the U.S. economy than other Americans.