Only one of 31 key demographic groups Bloomberg News charts to gauge the public’s mood has confidence in the economy, and they are wealthy enough to tough-out the prolonged economic storm.
According to Bloomberg’s weekly U.S. Consumer Comfort Index, only those who earn $100,000 or more are optimistic about the economy. The least confident are at the other end of the economic scale, those who earn $15,000 or less.
The statistics were put together in a grim graphic by the Business Insider, and shows a 70 percent consumer confidence gap between the rich and the poor.
Paul Bedard, The Washington Examiner’s “Washington Secrets” columnist, can be contacted at [email protected].
