Core Insights - The U.S. economy is exhibiting a "K-shape" recovery, indicating a divergence in economic experiences based on income levels [2][3] - Higher-income consumers are showing stronger economic confidence compared to lower-income groups, with significant differences in their outlooks [3][4] Income-Based Economic Confidence - High-income respondents rated their economic confidence at an average of 6.2 out of 10, with over 50% rating between 7 and 10, indicating a positive financial outlook [4] - In contrast, low-income consumers reported an average confidence score of 4.4, with less than 25% rating between 7 and 10, creating a 30-point gap between the two groups [4] Monthly Bill Coverage - Across all income brackets, the average confidence rating was 4.9 out of 10 regarding the ability to cover monthly bills compared to six to twelve months ago [5] - Nearly 60% of high-income consumers reported that covering monthly bills is becoming easier, while only 37% of middle-income and 30% of low-income consumers felt the same [5] Spending Trends - Higher-income respondents are more likely to plan for increased spending on non-essential items in the coming year compared to lower-income brackets [6] - The top third of earners have reported consumer sentiment ratings approximately 25% higher than the lowest third over the past two years, highlighting the disparity in economic outlooks [6]