Something of a split-screen moment in the U.S. economy.
The Dow, S&P 500, and Nasdaq are all finishing up for their 6th week in a row, hitting record highs on a regular basis. But at the same time, consumer confidence has been falling, as a majority of Americans say they feel worse off than four years ago. How do we square these two snapshots of our nation’s economy?
The Big Money Show co-anchor Taylor Riggs speaks with Annex Wealth Management’s chief economist Brian Jacobsen about how this situation has left the higher-income consumer better off while lower-income Americans have the “budget blues.”
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