U.S. Middle-Class Fears a Recession

money case 163495 640Recession fears rise for middle-class families -CNBC
"Middle-class Americans are less optimistic about their economic prospects than they were just six months ago, according to a new report from CUNA Mutual Group...They graded their chances of achieving the American dream as a 'C,' down from a 'B-minus' in the fall, the insurance provider found. Close to half were increasingly concerned about an upcoming recession. A separate report by Allianz Life found that 48% said they fear a major recession, up from 46% in the first quarter of 2019 and 44% one year ago. 'Americans keep hearing that this is the longest economic expansion in history,' said Steven Rick, CUNA Mutual's chief economist. 'People's expectations are that we are due' for a recession....'This should be a wake-up call to families to start shoring up their finances now, whether that takes the form of cutting spending, reassessing their savings to avoid having to cut into their retirement to stay afloat or even refinancing a mortgage if that'll put them in a better position,' Rick said."

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