Middle-Class Americans Are Rattled by Fed’s Fight Against Inflation
- 57% of middle-class hurting from borrowing costs, poll finds
- More in this group are stressed about economy than a year ago
Despite roaring growth and a resilient job market, more middle-class Americans are worried about the state of the economy than a year ago, a Harris Poll for Bloomberg News has found.
One big reason: The rapid increase in interest rates deployed by the Federal Reserve to rein in inflation, which are now expected to remain higher for longer.