This is one of those charts that you almost feel belongs at The Onion rather than on Gallup…
Confidence Gaps by Income Widen in February
Confidence among the highest income group — those making $90,000 or more annually — has been improving at an especially fast pace in recent months. This marks a turnaround from the sharp drop in this group’s confidence last summer. At that time, upper-income Americans may have taken the more than 2,000-point drop in the stock market — as well as the related debt ceiling debate crisis — the hardest. Middle- and upper-middle income Americans’ confidence also tumbled at that time but has since rebounded.
As a result of the rebound in these groups’ confidence scores, the pattern whereby the highest-income Americans show the most confidence and low-income Americans (those earning less than $24,000 annually) show the least has been fully restored to where it was a year ago.
With a -9 Gallup Economic Confidence Index score in February, the highest-income Americans’ confidence is now moving close to positive territory, while, at -28, the lowest income group’s still has some distance to go.
I guess because they’re trying to show the gap between the groups it’s not so silly…but still.