2min chapter

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Redefining a Recession (EP.267)

Animal Spirits Podcast

CHAPTER

The Upper Middle Class Is Getting Squeezed

i think a lot of people in the lower income scale have been seeing massive raises in a lot of ways, especialy rin the service industry. I think that the upper middle class thing, i don't know what i would thought the range would have been, but i will say i think a lotof those people probably are getting squeezed a little. People who make a hundred 88 thousand and above had the biggest excess savings over this period. And real riage growth has been negative for a while, few months in a ro well over a year now.

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