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Most Americans Say the Current Economy Is Helping the Rich, Hurting the Poor and Middle Class

Posted on AllSides August 12th, 2020
From The Center

By many measures, the U.S. economy is doing well. Unemployment is near a 50-year low, consumer spending is strong and the stock market is delivering solid returns for investors. Despite these positive indicators, public assessments of the economy are mixed, and they differ significantly by income, according to a new Pew Research Center survey.

Majorities of upper-income and middle-income Americans say current economic conditions are excellent or good. But only about four-in-ten lower-income adults share that view, while a majority say the economy is only fair or poor.

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