(Update 11-12-2025) Lower-Income Individuals ‘Already in Recession,’ Says Atwater
(Original) It seems the US economy is increasingly two sided or two tiered: the haves and the have-nots. But now, it seems the haves may have some trouble too.
(NBC News) From fast food to beverage giants, brands see rising income inequality among customers with subtile “Consumer brands are adjusting to a two-tiered economy as the new normal. Yet there are signs that even high-income customers are under pressure.” And may I quote one line there – “This suggests that even a well-paying job is no longer a reliable source of financial stability compared with owning assets like stocks and real estate.”
I recall Warren Buffett or Charlie Munger once said: if you don’t make money when you sleep, you will work until you die. That quote is applicable here.
Yahoo Finance has an article – ‘A little concerning’: 2 crucial consumer groups under pressure are a warning sign for US economy that echos the two tiered economy.