It's not just that people are mad about inequality generally and that their anger is showing up in weak consumer sentiment data; it's that rosy consumer spending and GDP trends are increasingly -- and nearly exclusively -- the purview of the rich. www.ft.com/content/1c55...
Erin Lockwood2. Economic sentiment is being treated by respondents as a proxy for a perception of the economy that is not anchored in price levels but in wage disparities, wealth concentration, and other measures of inequality which are increasing and high -- though not a clear inverse of consumer sentiment.
