Tags: Upper | Income | U.S. | Households

Upper Income U.S. Households Report Less Distress

Friday, 05 Mar 2010 03:21 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Sentiment of U.S. households in the top fifth of the income distribution improved in early 2010 compared with 2009, but worries over personal finances persist, a survey showed Friday.

Sentiment rose to 82.8 for 2010 compared with 71.5 for 2009, according to the Thomson Reuters/University of Michigan's Surveys of Consumers. The survey assessed upper-income households.

Some 36 percent reported an improved financial situation in early 2010, up from 27 percent last year; however, 38 percent reported a worsening financial situation, down from 51 percent in 2009.

"While the evidence indicates that the financial situation of upper-income households improved considerably more than the finances of lower-income households, even among those in the top fifth of the income distribution, those initial gains have not completely ended the overall financial decline," said Richard Curtin, director of the surveys.

Last week, a separate Thomson Reuters/University of Michigan survey found that U.S. consumer sentiment was weaker in February compared with January, as Americans grew more impatient with the government's gridlock over efforts to stimulate jobs.

© 2014 Thomson/Reuters. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Rick Perry Looks to Texas and Beyond as 2016 Hopeful

Friday, 26 Dec 2014 13:52 PM

While his focus is shifting beyond the governor's office, Rick Perry plans to use his record as Texas' chief executive a . . .

Republican Lawmakers Avoiding Brownback-Style Tax Cuts

Friday, 26 Dec 2014 12:07 PM

Kansas Gov. Sam Brownback and his aggressive tax cuts were once the envy of Republican lawmakers who hoped to phase out  . . .

Politico: Ethnicity, Race Won't Be GOP Trump Card

Friday, 26 Dec 2014 11:33 AM

Four potential Republican presidential candidates are not planning to play the race card in the 2016 campaign and use th . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved