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Upper-Income Consumers Shaken by Financial Crisis; Became more pessimistic last week.(Survey)

Byline: Dennis Jacobe, Chief Economist

Synopsis: The current financial crisis has had a disproportionately heavy impact on the attitudes of upper-income consumers, making them more negative about the current economy and more pessimistic about the economy's direction.

PRINCETON, NJ -- Upper-income Americans grew much more negative about current economic conditions last week in the midst of the worsening financial crisis and the proposed Treasury Department bailout. The percentage of upper-income Americans rating the economy "poor" increased by 15 points, from 26% during the first week of September to 41% during the third week. In sharp contrast, the economic attitudes ...

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