The Wall Street Journal reports:

America’s economic anxiety is rising up the income ladder.

A new Wall Street Journal poll finds that even those who consider themselves among the wealthiest classes in America carry high levels of concern about their current finances, the years ahead and the prospects for their children.

More than 40% of Americans who call themselves upper class or upper-middle class say they haven’t saved enough money to retire comfortably. Only about 40% say their financial security is where they thought it would be at this point in their lives. Nearly three in five say they are strained by high gasoline prices.

Those in the wealthiest classes have lost faith that an economy that has benefited them can lift future generations. Some 86% of people who call themselves upper class or upper-middle class say they lack confidence that life for their children will be better than theirs has been. That’s up from 64% in a 2019 survey and shows a level of pessimism that matches the views of less-fortunate groups. [Continue reading…]