Poorer Americans aren’t as optomistic about the economy as rich ones

That’s not really news. is it?

Still, that’s what the AP-GfK Poll indicates. I suppose other people will put a different spin on it, but…

  • Nearly half of lower-income Americans describe their own household financial situation as “poor”, compared to just 17% of other Americans.
  • Moreover, only 21% with lower income agree the economy improved over the past month, compared to 38% of Americans reporting at least $50,000 in annual household incomes.
  • Lower income Americans are also less optimistic that unemployment will ease in the next 12 months – only 26% versus 43% of other Americans.

 

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