From the @wsj.com “The [US] middle class—generally considered to include households making roughly $53,000 to $161,000 a year—is playing an outsize role in that waning optimism. After months of tracking high-income earners’ increasing confidence about the economy, households making … 1 of 2
Very interesting The size of the economy these groups are contributing would also be interesting
I resemble that quote. Our household income is higher than it’s ever been, but we are getting squeezed to death at the margins. Food, utilities, insurances. Death by a thousand increases.
Since Gibbon we can ascribe the fall of the Roman Empire to the gradual disappearance of the middle-class values and economic vitality (a direct result from the autocratic regime). Incidentally, once it ebbed from its geographic apex under Trajan, trade imbalance with China also became a concern.
Link to WSJ article. www.wsj.com/economy/cons...
Tell them why. You have people parading as gurus intent upon stealing their money w ridiculous gambits like Bitcon. These clowns and the Connies of this world want only two classes: the haves and the have nots
Income INEQUALITY has never been higher yet it’s usually the upper income voters who command the media’s attention.
… between $50,000 and $100,000 made an abrupt about-face in June. They now more closely resemble low-income earners’ gloomier views, according to surveys done by Morning Consult, a data-intelligence firm.” #economy #inequality
bsky.app/profile/zinn... gloomier views
I legitimately think most data is 1/2 broken and therefore surveys are generally noise. Always a little truth…but this makes a lot of assumptions to get here. The amount of salary relative to the location does in fact matter
Just imagine their confidence level if the market tanks and their 401k’s along with it..The market is the only reason confidence isn’t down much more than it is.
Trump enslaving his core voters; tariffs are a consumption tax that hit lower income folks the hardest #trumpflation #econsky
Should have listened to the head mistress youtube.com/shorts/ZhtxA...
What does the number on the y-axis represent?
This is Morning Consult's proprietary index. It is designed to ne neutral at 100. First column in this chart (5 questions). pro.morningconsult.com/trackers/u-s...
