Stock plunge shakes confidence of higher-income Americans - POLITICO

The cratering of optimism across all income groups — even as the economy is churning out jobs and growing — is bleak news for Democrats as they head into the midterm elections.

The instability of the market has rattled both the wage payer and the wage earner, said Kevin Madden, executive vice president of advocacy at Arnold Ventures and a veteran Republican strategist. Wit… [+4598 chars]

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