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The Silent Recession: Impact on Middle Class and Rich Americans

1 min read
Source: CNBC
The Silent Recession: Impact on Middle Class and Rich Americans
Photo: CNBC
TL;DR

Higher-income earners in the US are feeling the effects of sticky inflation, white-collar layoffs, and surging interest rates, leading to increased pessimism about the economy. Soft wage growth and limited job creation for high earners have also made this group more cautious about spending.

Topics:businesseconomy#economy#inflation#interest-rates#layoffs#recession#rich-americans
Share this article
  1. The recession has finally begun, but only for rich Americans  CNBC
  2. Analysis | Why No Recession Yet? Thank the US Consumer  The Washington Post
  3. U.S. economy's strength makes bringing down inflation less certain  Axios
  4. Why No Recession Yet? Thank the US Consumer  Bloomberg
  5. Silent Recession and the Middle Class  GOBankingRates

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