The last few months have seen a dramatic divergence between the ‘comfort’ of the haves and the have-notes.
As Bloomberg notes, higher-income Americans are pulling ahead of those making less, and their moods reflect it.
As the chart above shows, people making more than $50,000 a year were the most upbeat since 2001, lifting their confidence index to 76.8, according to the Bloomberg Consumer Comfort survey this week.
However, the gauge for those earning less than $50,000 annually fell to a five-month low of 39.4, putting the sentiment gap at 37.4 points, the widest on record.
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Author: Tyler Durden