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As Americans overall grow more worried about inequality, those making $100,000 and up are surging in consumer confidence

As Americans overall grow more worried about inequality, those making $100,000 and up are surging in consumer confidence

Juliana Kaplan

Policy1 min read

Axios reports that almost half of Americans are "very concerned" about rising inequality, citing a survey from research firm CivicScience.
The survey found 78% of Americans are "somewhat" concerned about the rise in inequality, while 48% are "very."
As Axios notes, Morning Consult data found that, while consumer confidence has dipped overall since March, higher-income earners who make over $100,000 per year actually grew in theirs.
Confidence dropped among those making $50,000 to $100,000.
During the coronavirus pandemic, American billionaires have seen their collective net worths grow to $4 trillion.
Per the Pew Research Center, almost half of lower-income adults struggled to pay their bills during the coronavirus pandemic.
But even some billionaires have been raising the alarm on income inequality for some time.
In May, JPMorgan CEO Jamie Dimon said the pandemic was a "wake-up call" for addressing inequality.