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Expand chart
Reproduced from Morning Consult; Chart: Axios Visuals

Differences in consumer sentiment by income are beginning to increase again as overall confidence picks up in the U.S., according to data from Morning Consult.

What's happening: While overall consumer confidence has returned to its mid-March levels, Americans who earn less than $50,000 a year are trailing badly compared to other income groups and to their earlier confidence levels.

  • Americans at the bottom income tier are still just six points above their lowest levels of confidence, plumbed during the tail end of the stock market crash in early April, and are 20 points below their mid-March levels.
  • Americans at the top income tier have bounced 19 points from their lowest levels of confidence and are just 12 points from the March highs as of Aug. 28.

Go deeper

Dion Rabouin, author of Markets
Oct 21, 2020 - Economy & Business

Why the stimulus delay isn't a crisis (yet)

Illustration: Aïda Amer/Axios

If the impasse between House Speaker Nancy Pelosi and the White House on a new stimulus deal is supposed to be a crisis, you wouldn't know it from the stock market, where prices continue to rise.

  • That's been in no small part because U.S. economic data has held up remarkably well in recent months thanks to the $2 trillion CARES Act and Americans' unusual ability to save during the crisis.

Philanthropy Deep Dive

Illustration: Aïda Amer/Axios

A look at how philanthropy is evolving (and why Dolly Parton deserves a Medal of Freedom).

Updated 6 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Fauci says he accepted Biden's offer to be chief medical adviser "on the spot" — The recovery needs rocket fuel.
  2. Economy: U.S. economy adds 245,000 jobs in November as recovery slows — America's hidden depression: K-shaped recovery threatens Biden administration.
  3. Education: Devos extends federal student loan relief to Jan. 31
  4. States: New Mexico to allow hospitals to ration coronavirus medical care
  5. Vaccine: What vaccine trials still need to do.
  6. World: UN warns "2021 is literally going to be catastrophic"
  7. 🎧 Podcast: Former FDA chief Rob Califf on the vaccine approval process.

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