Wealthier Americans are more worried about rising unemployment than any other income group, NY Fed finds, as fear of ‘white-collar recession’ grows
via newyorkfed.org
Short excerpt below. Read at the original source.
New labor data showing shrinking job opportunities and increased unemployment has perhaps stoked the fears of wealthier Americans more than their lower-income compatriots. The New York Federal Reserve’s August 2025 Survey of Consumer Expectations found Americans earning more than $100,000 more often believe unemployment will rise in the next year compared to those earning less. […]