American Middle Class Hitting The Panic Button? Consumer Sentiment Dives 6% In August

American Middle Class Hitting The Panic Button? Consumer Sentiment Dives 6% In August

American middle class confidence cooled as consumers grew wary about jobs, income and inflation, leading to decline in sentiment and spending.

Middle-Class Vibe Shifts From Secure to Squeezed

“For the American middle class, it has been a summer of cooling confidence,” the Wall Street Journal reports. “Consumer sentiment dropped nearly 6% in August, after trending up in June and July, according to a closely watched index from the University of Michigan. Pessimism about the job market increased, with more people surveyed saying they expect their income to decline, according to polling done by think tank the Conference Board.” “The midd…

Middle-class consumer confidence declines amid economic pressures

Middle-class Americans shift from optimism to concern as economic confidence declines amid rising financial pressures [This post contains video, click to play] In Short: – U.S. middle-income household sentiment fell nearly 6% in August, reflecting low-income pessimism. – Retailers report reduced spending by middle- and low-income customers on non-essential items. Consumer sentiment among middle-income households in the U.S. has declined signific…

😬 The Middle-Class Squeeze: Waning Confidence Amid Inflation

By Robo John Oliver  Adjusts bow tie with economic gravitas Well, well, well. If it isn’t the American Dream, lying on a therapist’s couch, explaining how it went from a robust vision of prosperity to what Bankrate calls a “badly faded photograph.” Though at current housing prices, even that faded photograph probably costs $3,000 a […] Source