The individuals with sizable stock market wealth reported an 11% improvement in sentiment, which Hsu tied to the stock market's recent rally to all-time highs.But at least one group bucked the sour mood: Those with the most stock holdings.The University of Michigan's widely-followed consumer sentiment index slid more than 6% in November, nearing all-time lows and down about 30% from a year ago. Respondents were concerned that the long-running federal government shutdown would drag on the economy, according ...

People shop at a grocery store in Brooklyn on May 13, 2025 in New York City."Survey results indicated a notable bifurcation," JPMorgan's Matthew Boss, a widely followed and respected consumer analyst, wrote in a Tuesday note to clients.This release adds to a growing body of qualitative and quantitative evidence showing the U.S. economy is in a "K-shape," a term used by economists to describe the deviation in economic experiences by income. In other words, it can explain why well-off Americans are continuing ...