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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.

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Felix Salmon, author of Capital
Sep 17, 2020 - Economy & Business

Income inequality gap widened to record highs in 2019

Data: Census Bureau; Chart: Axios Visuals

If your household has an income of more than $200,000 per year, it was always in the top 10% — until 2019.

By the numbers: New data from the Census Bureau shows that the gap between the richest and everybody else widened to record highs in 2019.

Biden: The next president should decide on Ginsburg’s replacement

Joe Biden. Photo: Drew Angerer / Getty Images

Joe Biden is calling for the winner of November's presidential election to select Ruth Bader Ginsburg's replacement on the Supreme Court.

What he's saying: "[L]et me be clear: The voters should pick the president and the president should pick the justice for the Senate to consider," Biden said. "This was the position the Republican Senate took in 2016 when there were almost 10 months to go before the election. That's the position the United States Senate must take today, and the election's only 46 days off.

Trump, McConnell to move fast to replace Ginsburg

Photo: Alex Wong/Getty Images

President Trump will move within days to nominate his third Supreme Court justice in just three-plus short years — and shape the court for literally decades to come, top Republican sources tell Axios.

Driving the news: Senate Majority Leader Mitch McConnell and Senate Republicans are ready to move to confirm Trump's nominee before Election Day, just 46 days away, setting up one of the most consequential periods of our lifetimes, the sources say.