Bloomberg's Consumer Comfort gauge dropped to 4-month lows this week with across the board collapses in personal finance confidence, buying climate, and the state of the economy (78% not-so-good). However, it is under-the-surface data that exposes the sad reality of this so-called 'recovery'.
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For those earning over $100k, "comfort" nears record highs, for those earning below $40k, "comfort" plunged in the last few weeks to near 2-year lows. This has surged the rich-to-middle-class discomfort gap to near 4-year highs... thank you Ben.
Chart: Bloomberg
