“Confidence Gap” Widens to Record Levels

-The Bespoke Investment Group has released a study (linked below) regarding what was become a record gap in consumer confidence. The disparity in economic confidence between wealthier Americans and those at lower income levels has reached an all-time high, and spending habits have followed suit. High end retailers are posting larger profits, while low income retailers are experiencing diminished sales.

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 “Confidence Gap” Widens to Record Levels

Bespoke Investment Group