{"id":349,"date":"2026-05-23T21:38:21","date_gmt":"2026-05-23T21:38:21","guid":{"rendered":"https:\/\/nextaddressamerica.com\/?p=349"},"modified":"2026-05-23T21:38:21","modified_gmt":"2026-05-23T21:38:21","slug":"biggest-wealth-divide-in-modern-history-shocking-graphic-shows-reality-of-us-economy","status":"publish","type":"post","link":"https:\/\/nextaddressamerica.com\/?p=349","title":{"rendered":"‘Biggest wealth divide in modern history’: Shocking graphic shows reality of US economy"},"content":{"rendered":"
\n

Multiple polls and surveys released in recent days have shown US consumer sentiment cratering\u2014and all the while, the US stock market keeps hitting record highs.<\/p>\n

Read more The sleeping giant just woke up as angry nonvoters are about to rock midterms<\/a><\/p>\n

The Kobeissi Letter, a financial newsletter, posted a graphic Saturday that matched consumer sentiment as measured by the University of Michigan\u2019s Surveys of Consumers with the performance of the S&P 500 stock index over a 30-year span.<\/p>\n

The graphic shows that, up until around 2020, consumer sentiment matched stock market performance closely, although there was a large divergence between the two leading up to the 2008 financial crisis, where stocks briefly outperformed consumer sentiment before crashing downward as the housing bubble burst.<\/p>\n

But throughout the last six years, the graphic shows, the S&P 500 has produced an almost continuous upward surge even as consumer sentiment spirals downward.<\/p>\n

\u201cAbsolutely incredible,\u201d commented Kobeissi Letter. \u201cOver the last six years, the S&P 500 has risen +130% while US Consumer Sentiment has collapsed by -55%, to its lowest since data began in 1952. We are witnessing the formation of the biggest wealth divide in modern history.\u201d<\/p>\n

Kobeissi Letter produced the graphic one day after the University of Michigan\u2019s latest survey found consumer sentiment hitting the lowest level on record. <\/p>\n

Joanne Hsu, director of the survey, observed that \u201cthe cost of living continues to be a first-order concern, with 57% of consumers spontaneously mentioning that high prices were eroding their personal finances, up from 50% last month.\u201d<\/p>\n

Read more Trump\u2019s retribution tour has only just begun \u2014 as loyal Republicans face a catch-22<\/a><\/p>\n

On the same day, Gallup published new data showing that Americans\u2019 economic confidence has fallen to its lowest level since October 2022, with just 16% of Americans rating the economy as excellent or good, and nearly half describing it as poor.<\/p>\n

Axios reported on Saturday that even Republicans have been growing sour on the US economy, citing a recent poll from The Associated Press showing GOP approval of President Donald Trump on the economy to be at around 60%, down from 80% just three months ago.<\/p>\n

\u201cThe growing GOP gloom could hardly come at a worse time for Trump and the party,\u201d Axios noted, \u201cless than six months out from a midterm election that\u2019s likely to turn on the economy.\u201d<\/p>\n

The gap between overall consumer sentiment and stock market performance also lines up with recent consumer spending trends. Data published by The Financial Times earlier this year showed that the top 10% of earners in the US now account for nearly half of all consumer spending, while the bottom 80% of earners now account for less than 40% of all consumer spending.<\/p>\n

A February report from TD Economics economist Ksenia Bushmeneva noted that \u201cthe economic divide between America\u2019s households at the top of the income spectrum and everyone else continued to widen last year,\u201d as \u201cupper-income households benefited from the still-robust wage growth, strong gains in equity markets, and better access to consumer credit.\u201d<\/p>\n

Read more Legal scholar warned for years that Trump would exploit this fund \u2014and he was right<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Multiple polls and surveys released in recent days have shown US consumer sentiment cratering\u2014and all the while, the US stock market keeps hitting record highs.The Kobeissi Letter, a financial newsletter, posted a graphic Saturday that matched consumer sentiment as measured by the University of Mich…<\/p>\n","protected":false},"author":1,"featured_media":348,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n'Biggest wealth divide in modern history': Shocking graphic shows reality of US economy - Next Address America<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nextaddressamerica.com\/?p=349\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"'Biggest wealth divide in modern history': Shocking graphic shows reality of US economy - 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