Over the first three weeks of August, Gallup’s Economic Confidence measure has been at its lowest level since March 2009. Confidence has fallen among Americans of all income levels, but plunged among upper-income Americans making $90,000 or more a year. Normally, upper-income Americans are more optimistic than their middle- and lower-income counterparts, however, this changed in the first weeks of August. By the week ending Aug. 21, 84% of upper-income Americans were saying the economy is “getting worse” while 77% of those having middle and lower incomes felt the same way.
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