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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

Dec 9, 2020 - Health

Axios-Ipsos poll: Early fears come back

Data: Axios/Ipsos Poll; Chart: Andrew Witherspoon/Axios

Growing dread and acceptance of the winter ahead is weighing on Americans' physical and mental health and raising fears about debt and job security, according to the latest installment of the Axios/Ipsos Coronavirus Index.

The big picture: We're tracking a return to anxiety levels and routines not seen in months, as experts warn that the pandemic will get worse before vaccines are widely available.

Behind GameStop's latest stock surge

Illustration: Aïda Amer/Axios

Back in focus: The meme stock trade.

By the numbers: GameStop finished up 19%, after a wild day that saw shares spike as much as 80%.

AT&T spins off U.S. video business via deal with TPG

Photo: AaronP/Bauer-Griffin/GC Images

AT&T is spinning off three of its video services, including its satellite TV brand DirecTV, to create a new standalone video company called New DIRECTV.

Details: The company will be jointly owned by AT&T and private-equity giant TPG. AT&T will retain a 70% stake and TPG will own 30% of the firm.

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