Economy News Wealthy Americans Are Anxious About The Economy, Too

Rich people are spending. Everyone else is cutting corners.

The top 10% of earners now account for roughly half of all consumer spending, according to a report by Moody’s Analytics. That’s a historic high. Read More

How the K-Shaped Economy Is Hurting Everyone But the Rich

Talk of the K-shaped economy is brewing once again. The moniker first gained traction in 2020 to describe the divergence between how rich and poor Americans were experiencing the pandemic recovery. Read More

Americans’ economic anxiety grows as job security concerns join affordability worries

Trump’s tariff policies have both contributed to price pressures and to uncertainty among businesses, undermining incentives to hire. The administration’s sweeping cuts to federal programs also have ... Read More

K-shaped economy: Why the wealthy are thriving as most Americans fall behind

The markets have climbed higher despite continuing concerns around the shutdown, tariffs and inflation. The S&P 500 and Nasdaq have set records more than 30 times this year and other data suggest the ... Read More

Wealthy Americans Are Spending. People With Less Are Struggling.

Data show a resilient economy. But that largely reflects spending by the rich, while others pull back amid high prices and a weakening labor market. Data show a resilient economy. But that largely ... Read More

Is “Feeling Rich” Propping Up the Economy?

The wealth effect that’s driving our K-shaped economy… have we slipped into a new economic model?… why earnings are more important than ever… how to invest in light of this delicate system VIEW IN ... Read More

You're living in a "K-shaped" economy. Here's how that affects you.

To understand how Americans are faring economically these days, it's helpful to consider the eleventh letter of the alphabet. Experts describe the current U.S. economy as "K-shaped," a reference to ... Read More

CBS News poll finds rising concern over government shutdown impact on economy, Americans personally

Anthony Salvanto, Ph.D., is CBS News' executive director of elections and surveys. He oversees the CBS News Poll and all surveys across topics and heads the CBS News Decision Desk that estimates ... Read More

Poll: 60% of Americans disapprove of how Trump is handling the economy — a new high

President Trump aboard Air Force One en route to South Korea on Wednesday. (Andrew Harnik/Getty Images) On the campaign trail last year, then candidate Donald Trump repeatedly vowed to “bring prices ... Read More

A record number of Americans are anxious about health care costs going into next year

The West Health-Gallup survey finds almost half of adults say they’re worried they won’t be able to afford health care in 2026. Read More

Most Americans say country is on the wrong track, blame Trump for inflation: Poll

Over 6 in 10 say Trump and GOP are out of touch. Even more say that about Dems. Two-thirds of Americans say that the country is "pretty seriously off on the wrong track," while just under a third say ... Read More