67% of middle-class Americans struggle with rising costs, creating a “selective recession” per JPMorgan.

67% of middle-class Americans express concern that their income isn’t keeping pace with the rising cost of living. This situation has led to what JPMorgan analyst Matthew Boss calls a “selective recession.” While upper-income consumers fare better, lower-income Americans are struggling to make ends meet due to elevated prices and dwindling savings. The pressure persists as inflation continues, impacting middle-income households significantly. It’s a challenging situation, and many Americans are feeling the pinch.