by Breck Dumas at Fox Business
America’s middle class is feeling the squeeze like never before, according to new data.
Primerica’s latest Financial Security Monitor report for the third quarter found 55% of middle-income households now rate their personal financial situation negatively, a 6-point jump from the previous survey.
A new survey from Primerica shows a majority of middle-income Americans have a negative view of their household finances (Photo by Spencer Platt/Getty Images / Getty Images)
“For the first time in a year, a majority of middle-income households are feeling negative about their personal finances,” said Glenn Williams, CEO of Primerica. “In fact, this latest report represents the highest negative rating we’ve seen since we began fielding the survey exactly four years ago.”
Middle-income households’ view of the economy has deteriorated, too, over the past three months. A significant majority, 73%, said they have a negative view of the nation’s economic health, up one point from the prior reading.
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The findings also indicated growing uncertainty about the economy,…
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