Low- and high-income households see consumer confidence diverge
Updated
Updated · Apollo Global Management · May 6
Low- and high-income households see consumer confidence diverge
10 articles · Updated · Apollo Global Management · May 6
Daily data show sentiment falling among households earning under $50,000 a year, while confidence rises for those making more than $100,000.
The split appears driven by lower-income consumers' concern over rising petrol prices and wealthier households' attention to gains in stock markets.
The divergence suggests uneven economic perceptions across income groups, with inflation-sensitive essentials weighing more heavily on poorer households than on richer consumers.
How long can growth rely on the wealthy while inflation erodes finances for the majority of households?
With stocks hitting new highs and gas prices surging, is the American economy splitting in two?
While Wall Street celebrates record earnings, what happens when Main Street can't afford the drive to work?